TEMPO.CO, Jakarta - The rupiah exchange rate interbank transacted in Jakarta on Tuesday morning, August 14, moved up by 33 points to Rp14,618 compared to the previous at Rp14,651 per US dollar.
Senior Analyst CSA Research Institute Reza Priyambada said that Bank Indonesia (BI), which conducted a foreign exchange-FX auction swap, was one of the factors that kept the fluctuation of rupiah. “Domestically, the sentiment is relatively conducive,” he said.
According to him, the negative sentiments within the country that previously appeared such as the widening of the balance of payments deficit began to tend to subside. Some market participants believe that national economic fundamentals are still conducive.
“Our economic stability is still maintained despite the uncertainty of the high global financial markets,” he said.
PT Samuel Sekuritas economist Ahmad Mikail said the US dollar was likely to weaken as a result of the actions of “profit taking” by the investors after in recent days had sharply strengthened against almost all world currencies.
The rupiah exchange rate has the potential to increase ahead of the auction of Government Securities (SUN). SUN that is expected to be at 7.8-7.9 percent level is likely to be attractive enough to encourage investors to enter the Indonesian bond market.
ANTARA
