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View all search resultsRupiah opens at Rp 12,849 per dollar on Tuesday
The rupiah interbank trade rate in Jakarta in Tuesdayâs first trading session appreciated slightly by 17 basis points to Rp 12,849 per US dollar from Rp 12,866 per US dollar in the previous trading
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T
he rupiah interbank trade rate in Jakarta in Tuesday's first trading session appreciated slightly by 17 basis points to Rp 12,849 per US dollar from Rp 12,866 per US dollar in the previous trading.
NH Korindo Securities Indonesia head of research Reza Priyambada said that the domestic currency continued to strengthen in the financial market after Greece and its creditors in the 19-nation Eurozone reached an agreement last Friday on extending the country's rescue loans, a move that eased concerns it was heading for a Euro exit.
'The settlement has eased concerns that Greece is going to exit from the Eurozone. This condition has created good sentiments in the market especially for risky assets like the rupiah,' Reza said on Tuesday as quoted by Antara news agency.
He predicted that the rupiah would be on an upward trend throughout Tuesday.
He cautioned, however, that the appreciation of the domestic currency was still limited since a few market players speculated that the US Federal Reserve would increase its rates at midyear.(nfo)
