Rupiah Remains Stable

Jakarta (Antara Bali) - The Indonesian currency rupiah opened relatively stable at Rp9.640 against the US dollar on Thursday morning.

Samuel Securities market analyst Lana Soelistianingsih here on Thursday said that the performance of Indonesia's balance of payments (BOP) 2012 which decreased, would make rupiah difficult to be stable, raise interest rates, and reduce the potential for economic growth.

"We estimate the current account deficit continued in the first quarter of 2013 if there is no improvement in the trade balance," he said.

Trust Securities analyst Reza Priyambada added investors took a  wait-and-see stance ahead of the G7 meeting this weekend which wanted to let the exchange rate of a currency be decided by the market demand.

He said, the stance was in a response to significant weakening of yen exchange rate recently that triggered criticisms by various countries such as the USA, Europe, China, and South Korea. (IGT)