Rupiah Gains Against US Dollar: Analysts

Jakarta (Antara) - Rupiah gained in value against the US dollar in the opening trade Monday on foreign capital inflow to the domestic bond market, analysts said. The Indonesian currency traded at the level of 11,600 per dollar in inter-bank transaction gaining from the previous level of 11,648 per dollar. Rupiah appreciation followed an increase in inflow of foreign capital to the domestic bond market, chief researcher of Trust Securities, Reza Priyambada, said. Commitments by members of the G20 countries to pushing up global economic growth contributed to strengthening the currencies of developing countries including rupiah, Reza said. "Currently, there is no negative sentiments putting pressure on rupiah. That means that it is still safe in a positive area," he said. In addition, there is also positive sentiment from Europe, including Britain's recovery attempts, and improved economic data of Germany, he said. Chief researcher of Monex Investindo Futures, Ariston Tjendra, said the US dollar tended to weaken after US housing data falling short of expectation. He said house sales in the United States dropped to 4.62 million units in January from a month earlier. (*)