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Tuesday, December 24, 2013

Rupiah Weakens So Rp12.266 per U.S. dollar

Rupiah Weakens So Rp12.266 per U.S. dollar

The rupiah traded among banks in Jakarta on Tuesday afternoon fell 67 points to Rp12.266 per U.S. dollar .

" The lack of positive domestic sentiment pushed the rupiah against the U.S. dollar . During this time , the focus of the money market is to the performance of Indonesia's trade balance and current account balance , " said Bank Money Market Analyst Civil Society , Ruly Nova .

He added that demand for U.S. dollars in the country is still quite high due to increased need for corporations to pay foreign debt maturities .

" Moreover, the money market in the country also tend to like to hold foreign currency , one dollar , " he said .

According to him , the improvement in the U.S. economy in the third quarter of this year and the projections of the International Monetary Fund ( IMF ) to U.S. growth also sparked investor confidence in the U.S. dollar .

Moreover , he continued , trimming financial stimulus the U.S. central bank ( the Federal Reserve ) of 10 billion U.S. dollars to 75 billion U.S. dollars to make U.S. currency liquidity getting tighter .

"However , following the fluctuation of the rupiah remained stable maintenance of Bank Indonesia in the domestic money market in order not to be depressed , "

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