REPUBLIKA.CO.ID, JAKARTA - Rupiah appreciation continued to close at the level of 11,653 per US dollar on Wednesday gaining from the previous level of 11,676. The Indonesian currency gained more strength in inter-bank transaction on market expectation that the country's economy would continue to improve, analysts said.
"Next week the market players will receive domestic. Inflation in February is expected to be stable," financial observer Rully Nova of Bank Himpunan Saudara, said.
Rully said the country was expected to post more trade surplus and the current account deficit would continue to narrow. He said the decision of the US central bank to trim its financial stimulus would no longer have significant effect on the market liquidity in the country especially as the US interest rate was relatively low.
"The US interest rate is still relatively low that investment in developing nations including Indonesia would remain attractive," he said.