Jakarta (Antara Bali) - The rupiah traded interbank on Friday afternoon, rose 52 points to Rp12.030 compared to the previous position Rp12.082 per US dollar.
A government statement about raising the price of fuel oil (BBM) prior to the beginning of January 2015 to be one of the positive sentiment for the rupiah," said the bank money market analyst Rully Wisnubroto Arya, on Friday.
He added that by raising their prices of subsidized fuels in the current account deficit is estimated to Indonesia will be reduced, so that the condition will be assessed positively by investors.
On the other hand, he added, expectations of market participants money on domestic economic data due to be dipublikan early next week (Monday, 10/03) on inflation in October and Indonesia's trade balance for September of this year is expected to improve.
Inflation will be below 0.5 percent and the trade balance back in surplus, although not significant as Indonesian export destinations such as China is experiencing a slowdown," he said.
Nevertheless, according to Arya Wisnubroto Rully, strengthening of the rupiah is still limited by external conditions that tend to support the strengthening of the US dollar.
Rising US economy by 3.5 percent which exceeds expectations hold rupiah appreciation in the country," he said.
According to him, the United States is the only developed country that is experiencing good economic growth than China, Japan, and others.
Meanwhile, the exchange rate of Bank Indonesia on Friday (31/10) recorded rupiah strengthened to move Rp12.082 than the previous position in the position Rp12.165 per US dollar. (MFD)
Friday Afternoon Rupiah Strengthened to Rp. 12.030
Sabtu, 1 November 2014 8:24 WIB
Inflation will be below 0.5 percent and the trade balance back in surplus, although not significant as Indonesian export destinations such as China is experiencing a slowdown," he said.
