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Thursday, December 12, 2013

Thursday afternoon rupiah weakened to Rp12.016


Thursday afternoon rupiah weakened to Rp12.016

Rupiah weakened on Thursday afternoon into Rp12.016 per U.S. dollar along with the emergence of the issue of financial stimulus acceleration reduction ( tapering off ) the Fed .

The rupiah traded among banks in Jakarta on Thursday afternoon moved lower by 26 points to Rp12.016 compared to the previous position ( 11/12 ) Rp11.990 per U.S. dollar .

Bank money market analyst Civil Society , Ruly Nova on Thursday , said that the issues related to the acceleration of the reduction of financial stimulus the Fed to negative sentiment for the rupiah .

" Actually , the weakening of the rupiah is not due to fundamentals , but uncertain external sentiment that the scene of speculators in the domestic money market , " said Ruly Nova .

According to him , see U.S. unemployment data has not been targeted by the Fed , a reduction in the U.S. fiscal stimulus will not be done . One indicator of " tapering " made ​​the U.S. unemployment rate at 6.5 percent , is still in the range of seven percent .

Ruly Nova added , Bank Indonesia, which maintain the benchmark interest rate ( BI rate ) at 7.5 per cent reflecting the position of Indonesia's future inflation is stable with a downward trend .

" It is expected that the rupiah will appreciate against the U.S. dollar following the Indonesian economic fundamentals are still positive , " he said .

Meanwhile , Bank Indonesia middle rate on Thursday , recorded rupiah weakened to Rp12.025 than before ( 11/12 ) in position Rp12.005 per U.S. dollar .

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