Dollar Value Continues to Rise Against Dollar

   

   The rupiah exchange rate in the interbank transactions in Jakarta on Thursday morning, moving higher by 54 points to Rp11.571 than ever in a position Rp11.625 per U.S. dollar.

"The optimism of post-presidential election made ​​a controlled rate of the rupiah is still in strengthening trend," said the Head of Research Securities Trust Reza Priyambada on Thursday.

On the other hand, he added, the strengthening of the rupiah also encouraged factor increase in international reserves at June 2014, the successful absorption of government securities (GS), and the estimates will still be permanent benchmark interest rate (BI rate).

He added that Bank Indonesia is also expected to continue to maintain the benchmark interest rate (BI rate) at the level of 7.5 percent.

Of external, he said the downward trend in world oil prices are still likely to keep the trend of strengthening of the rupiah against the U.S. dollar.

"The decline in oil prices will reduce the burden on oil imports so that the trade balance improvement can continue," he said.

Meanwhile, Head of Research Futures Monex Investindo Ariston Tjendra adding that the preservation of a safe and orderly situation of post-election will also increase the confidence of investors in the Indonesian.

"Thus, the Indonesian economy can be maintained and continue to grow," he said.

Tweet