TEMPO.CO, Jakarta - Finance Minister Sri Mulyani said the government and Bank Indonesia will keep on strengthening Indonesia's fundamentals to respond the market's reaction over Fed's interest rate hike, which had pushed the rupiah down to trade for more than Rp14,000/US$.
"We will strengthen foundations and improve performances, so that the market sentiments would be relatively neutral for Indonesia," she said here on Monday, May 7.
Sri added that Indonesia's growth is well and inflation is quite low, thus any adjustment can be done quickly without significant turmoil.
On Monday afternoon, the rupiah exchange rate reached Rp14.001 per US dollar.
BI deputy governor Dodi Budi Waluyo responded to the situation by saying that the rupiah's depreciation level is still within reasonable levels. Rupiah's 0.4 percent correction, he said, is better than what is experienced by the Indian Rupee, the Zaar South Africa, the Russian Ruble, and the Turkish Lira.
ADAM PRIREZA
