Rupiah stable as economic fundamentals are positive

Jakarta (The Car Insurance Info)-the exchange rate of the rupiah against the u.s. dollar is likely to move on this week plateaued over Indonesia's economic fundamentals are still relatively positive.

The exchange rate of rupiah interbank traded in Jakarta on Thursday afternoon move weakened the value of six points to Rp 9.726 than previously (1/5) in position $ 9.720 per u.s. dollar.

"The exchange rate of the rupiah against the u.s. dollar remained stable, the perception that Indonesia's economic fundamentals are still good resist weakening further," said Economist Samuel securities, Lana Soelistianingsih here on Thursday.

He added foreign funds still continued to enter the regional Asia including to Indonesia will push economic growths. New foreign funds that entered were marked by rising asset prices in Asia including property and shares.

"Although Asian economies is still regarded as the motor of the world economy, but the IMF also warned the possibility of ' overheating ' economy. It is usually characterized by high economic growth coupled with high inflation, "he said.

He suggested the IMF retained the Asian economies grew by 7.1% to support the economic growth of China, India, and Indonesia.

"We expect the rupiah exchange rate to move in a narrow range between Rp-Rp 9.710 9.740 per u.s. dollar," he said.

Meanwhile, Bank Indonesia Middle exchange rate on Thursday, the rupiah recorded move strengthened to Rp 9.728 than previous positions worth $ 9.730 per u.s. dollar.
(KR-ZMF/B008)

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