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Rupiah closes at Rp 12,482 per dollar on Thursday
The rupiah interbank trade rate in Jakarta at Thursdayâs closing session appreciated slightly by five basis points to Rp 12,482 per US dollar from the previous Rp 12,487 per US dollar
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he rupiah interbank trade rate in Jakarta at Thursday's closing session appreciated slightly by five basis points to Rp 12,482 per US dollar from the previous Rp 12,487 per US dollar.
'Since the Federal Reserve decided not to raise its rates immediately, the rupiah continues making improvement in the market,' Monex Investindo Futures head of research Ariston Tjendra said in Jakarta on Thursday as quoted by Antara news agency.
Ariston cautioned, however, that the appreciation of the domestic currency would remain limited because the Fed predicted that the US economy would continue growing despite its low inflation rate.
'The expansion of the US economy is still pretty solid and its macroeconomic data shows that there are more new jobs, decreasing the unemployment rate,' he explained.
Meanwhile, Bank Indonesia data revealed that the rupiah weakened to Rp 12,515 per US dollar by 4 p.m. on Thursday, 17 points down from Rp 12,498 per US dollar in the earlier trade. (nfo)(+++)
