REPUBLIKA.CO.ID, JAKARTA - The rupiah weakening five points against US dollar on Tuesday morning. Rupiah traded at 9.615 IDR per USD, weakening from its initial level of 9.610 IDR.
"The movement of exchange rate tends to stable near announcement of Bank Indonesia (BI) rate by BI Board of Governors Meeting (RDG) that will decide whether there is any change from the current level of 5,75 percent," said Trust Securities analyst Reza Priyambada here on Tuesday.
He said, although the BI rate expected to remain, but investors expect interest rate of Bank Indonesia Deposit Facility (FASBI) to be increase of 25 basis points (bps) from the current 3,75 percent. He added, investors are waiting BI to complete the forward transaction of rupiah that done overseas to be done in the country.
"The stable of rupiah also supported by euro currency rate that rebounded as positive French industrial production data that the number is still above the estimate," he said.
Samuel Securities market analyst Lana Soelistianingsih added BI rate expected to stay afloat at 5,75 percent.
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