Rupiah Back Pursued
- exchange rate of rupiah against the U.S. dollar in the Jakarta interbank spot market on Wednesday afternoon, rose to $ 9150 per U.S. dollar or an increase of 20 points. Even more active market participants to buy rupiah.
The value of the rupiah against the U.S. dollar rose to USD 9150-USD 9160 per U.S. dollar compared to the previous day’s closing, USD 9170-USD 9180.
Valas PT Sinarmas Securities analyst, Alfiansyah, in Jakarta, said the increase in amount up to USD 9150 per U.S. dollar done, because of interest in buying the bigger players on the rupiah. “Market Performer bought rupiah because they judged to buy Indonesian currency is better than other currencies, like dollars or euros, because the region is in trouble,” he said.
Although higher, the increase amount is too fast because she did not think market players are still looking for a safe haven for investments other than U.S. dollars. “This is because actors want to gain a better recall rate rupiah is still high,” he said.
He added that the rupiah is still able to move up along the positive external factors continue to occur. This is also supported by positive factors than internal. “If there are no obstacles, then the rupiah will rebound nearly Rp 9,100 per U.S. dollar,” he said.
However, Bank Indonesia (BI) may be thought to enter the market to buy Indonesian currency rupiah so that it is in a narrow range so as not to exceed USD $ 9000 per U.S. dollar. “BI is currently estimated to have reserves of 81 billion U.S. dollars,” he said.
According Alfiansyah, BI’s foreign exchange reserves sufficient to restrain the rate of movement of the rupiah has strengthened. “We estimate, the movement of rupiah will run pretty tough to get close to number of Rp 9000 per U.S. dollar,” he said.
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