REPUBLIKA.CO.ID, JAKARTA -- Rupiah traded among banks in Jakarta, Wednesday (4/11) morning, rose by 108 points to Rp 13,455 per US dollar, compared to the previous position at Rp 13,563 per US dollar.

"Economic policy package volume VI that will be announced become one of positive sentiment for domestic currency," said economist from Samuel Sekuritas, Rangga Cipta, in Jakarta, Wednesday (4/11).

On the other hand, the low inflation rate increased market expectations of a rate cut by Bank Indonesia. It also helped to give impetus to the strengthening of Rupiah, government securities, and composite stock price index (IHSG).

Rangga added foreign exchange reserves that would also be announced this week, was expected to record an increase. The data was important for the market because it would explain the causes of strengthening of the Rupiah and stability of domestic economy.

For external, he said, the strengthening of the Rupiah against the US dollar was also in line with the rise of crude oil prices. The issue of supply disruptions in Libya and Brazil triggered rise of crude oil prices.

Meanwhile, money market analyst at Bank Mandiri, Rully Arya Wisnubroto, added that there was expectation of growth in gross domestic product (GDP) in the third quarter of 2015 to add positive sentiment for the domestic exchange rate. Originally, the third quarter of 2015 GDP data would be released on Thursday (5/11).

"It was projected that GDP in third quarter of 2015 will grow by 4.8 percent or better than the previous quarter of 4.67 percent," said Rully.

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