JAKARTA, FRIDAY-rupiah exchange rate against the U.S. dollar in the Jakarta interbank spot market, Friday (19/12) morning appreciating 30 points to Rp 10.920/11.000 per U.S. dollar compared to the previous day closing of Rp 10.950/11.050, as the market again to buy rupiah.
Retail Banking Director of PT Bank Mega Tbk, Kostaman Thayib in Jakarta, Friday said, the action buying rupiah in the money market is the main factor that encourages stronger rupiah, but the increase is not large rupiah.
This is because buying interest is still small, they are focusing on the global market, especially in the United States, where governments are trying to reduce the tight liquidity of the market.
Rupiah, he was likely to continue as the market tends to be positive, especially the U.S. dollar weakened against major currencies other Asian.
"The increase in rupiah two days ago also related to the decline in U.S. interest rates to 0.25 percent, down 75 percent from the previous 1 percent," said Kostaman.
Market conditions like this, he said, Bank Indonesia should utilize the momentum with the entry into the market so that the rupiah will rise higher. However, BI has a policy to intervene in the rupiah.
He said, the rupiah, which is below the number of Rp 11,000 per U.S. dollar since three days ago shows the market is still positive movement against the local currency, after the previous slump to reach Rp 12,350 per U.S. dollar.
"We estimate the rupiah in the afternoon will be back stronger, the demand to see the U.S. dollar in the domestic market began to wane," he said.
Rupiah during the week was likely stronger against the U.S. dollar although it is still moving in the range of Rp 10,900 to Rp 11,000 per U.S. dollar.
ono
source: Ant
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