Data of foreign exchange (forex) Bloomberg on Thursday (08/28/2014) shows the exchange rate is very thin opened higher at 11,679 per dollar level of level 11 682 per dollar in the previous trade. Until the middle of the day, indicating the strengthening rupiah recorded only 0.09 percent.
While the data rate reference Jakarta Interbank Dollar Spot Rate (JISDOR) Bank Indonesia (BI) showed slightly higher rupiah at 11,682 per dollar level. By noon, the rupiah is still perched in the range of 11674-11697 per dollar.
Observers foreign exchange PT Bank Mandiri Tbk, Renny Eka Putri explained, the current market players are still waiting for the realization of the promises of elected president Jokowi. There are expectations for the issuance of appropriate policies that can support the needs of infrastructure in the country.
But there is an appreciation of the investor as the result of the election in accordance with market expectations. Still waiting for the new governmental policy directives, there is weakening but not too deep, "said Renny when talking with Liputan6.com.
The transition to a new government also caught the attention of market participants.
He also explained that the old administration left a lot of homework, especially in the economic field as growing current account deficit swells. Investors are also still waiting whether the new government will maintain the old policy or change it.
In addition, towards the end of the month, the dollar demand is likely to increase given the number of companies make debt payments. While increased capital inflow in the stock market also showed optimism of investors in the stock market return increased by about 20 percent since the beginning of the year.
"Until this weekend, the rupiah is still not going to move significantly and perched in the range of 11,615 to 11,698 per dollar," he said
source : liputan6.com
