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 opens at Rp 12,606 per dollar on Wednesday
The rupiah interbank trade rate in Jakarta in Wednesdayâs opening session appreciated by 64 basis points to Rp 12,606 per US dollar from the previous Rp 12,670 per US dollar
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 Wednesday's opening session appreciated by 64 basis points to Rp 12,606 per US dollar from the previous Rp 12,670 per US dollar.
Woori Korindo Securities Indonesia head of research Reza Priyambada said the possibility for Greece to renegotiate its debts to Eurozone member countries had created positive sentiment in the global financial market.
In addition, Reza said that the People's Bank of China (PBoC) was not expected to tighten its monetary policy, creating optimism that Indonesian exports might rebound.
'These external factors positively affected the trade of the rupiah,' he said.
He said the country's economic fundamentals remained strong, which helped strengthen the domestic currency against the US dollar during the first trading session.
Economists previously predicted that Indonesia's gross domestic product (GDP) would grow by between 5.3 and 5.5 percent, much better than 5.02 percent achieved in 2014. (nfo)(++++)
