Jakarta (Antara Bali) - The Indonesian currency began to regain losses against the US dollar trading at the level of 12,487 per dollar in the opening session on Tuesday from earlier level of 12,507.
Chief researcher of Woori Korindo Securities Indonesia Reza Priyambada said the market was less worried with the slim possibility of Greece to give up membership of the European Union.
"The condition puts rupiah on a stronger footing again," Reza said.
Earlier the market was worried that if the victory of opposition party in Greek election would affect that country's financial policy that could lead to a default on repaying its debt.
Chief researcher of Monex Investindo Futures Ariston Tjendra said some of the global currencies including rupiah regained strength against the US dollar with the strong expectation Greece would not quit the European Union despite the victory of the opposition party in that country.
In addition the oil price rose after OPEC said that the price has hit the rock bottom that it would move up again. (WDY)
