TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsRupiah closes at Rp 12,473 per US dollar on Tuesday
The rupiah interbank trade rate in Jakarta in Tuesdayâs final trading session appreciated by 34 basis points to Rp 12,473 per US dollar from Rp 12,507 per US dollar in earlier trade
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
T
he rupiah interbank trade rate in Jakarta in Tuesday's final trading session appreciated by 34 basis points to Rp 12,473 per US dollar from Rp 12,507 per US dollar in earlier trade.
PT Platon Niaga Berjangka analyst Lukman Leong said the appreciation of the domestic currency was triggered by low sentiment from the external market.
'Greece has become an important factor in the market following the left-wing Syriza Party's win in the election. Market players are worried about the Eurozone economic development since Syriza is an anti-bailout party,' Lukman said in Jakarta on Tuesday as quoted by Antara news agency.
'However, since the [Syriza Party] leader announced he would negotiate, market players are less worried about the future of the [European] economy.'
In addition, he said that fundamentally, the Indonesian economy remained healthy and investors were optimistic that at least 5.6 percent gross domestic product (GDP) growth could be achieved by the end of 2015.
'The rupiah has a good chance of strengthening to Rp 12,300 per dollar in the near future,' he added.
He cautioned, however, that tensions between the Corruption Eradication Commission (KPK) and the National Police might affect the rupiah trade if they persisted.
'Investors will consider the tensions before investing in the country,' he explained.
Meanwhile, Bank Indonesia's mid rate data showed that the rupiah appreciated to Rp 12,493 per dollar by 4 p.m. on Tuesday from Rp 12,517 per dollar on Monday. (nfo)(++++)
