Rupiah continues to rise Wednesday Afternoon

Jakarta (ANTARA News) - The exchange rate of rupiah against the U.S. dollar in the spot market antarbank Jakarta, on Wednesday afternoon near the increasing number Rp11.000 per U.S. dollar, because the market is still the U.S. dollar after the release sepekan ago menguat.

Growth is happening rupiah since the morning until the afternoon, so an increase of 75 points higher than the morning only 40 points, said Director of Retail Banking of PT Bank Mega Tbk, Kostaman Thayib in Jakarta on Wednesday.

The rupiah against the U.S. dollar rose to become Rp11.120/11.160 compared to previous day's closing Rp11.195/11.225 or take 75 points.

Kostaman Thayib said, the increase rupiah was previously suspected, because the release of U.S. dollars trying to find happiness.

In addition, the currency is the U.S. dollar also continued down since Thursday, so they encourage the active release of currency United States (U.S.) that, he said.

According to him, if market conditions still continue like this, then the following day on the rupiah will return to menguat reached Rp11.000 per U.S. dollar.

Rupiah opportunity to return to the increased number Rp11.000 per U.S. dollar is actually quite large, especially with Bank Indonesia (BI) will again lower interest rates in the BI Rate this January, after the Central Statistics Agency (BPS) is optimistic inflation in January will still be experiencing deflation .

BPS previously stated, is optimistic that inflation in January will be a deflation of BI to encourage lower interest rates again acuanya.

BI Rate When interest rates are lower tribes, the bank also estimated to reduce the interest rate tends to survive at this time, although the BI has been down as much as 75 percent to 8.75 percent.

"We are optimistic rupiah menguat more opportunities there will be a national economic indicator because of the growing well," he said.

The analysts previously concerned, a number of indicators membaiknya not accompanied with the stability of the rupiah at that time the number had fallen to near Rp11.200 per U.S. dollar.

Rupiah who had previously reached Rp10.850 had fallen sharply to reach Rp11.200 per U.S. dollar, but on this day rupiah rise triggered action offshore U.S. dollars to search for happiness, he said.

source:antara.co.id