Back Stronger After Rupiah Slumped

Indonesia's foreign exchange reserves increased to be a positive catalyst for the exchange rate . After weakening during the last seven days , finally returning .Rupiah exchange traded between banks in Jakarta , Thursday, November 7, 2013 morning remained in position Rp11.416 AS.Kurs rupiah - dollar in the local market rose 0.1 % to a record level of 11 395 on trading at 9:52 pm .
Dollars in the market while non- delivered forward ( NDF ) for the next month also rose 0.3 % to a level of 11 349 per U.S. dollar . Dollars in the NDF market moves 0.4 % stronger than the spot market . Fluctuations in the exchange rate remained stable , after Indonesia's economic growth data is still in line with estimates .
 On the other hand , the rupiah also received positive sentiment from an increase in demand for domestic bonds by banks .Exchange still has the potential to have strengthened against the U.S. dollar this week as rising foreign exchange reserves stabilized Indonesia.Cadangan to support the exchange rate rupiah.Sentiment of foreign exchange reserves , the rupiah movement also influenced by the government's decision to open foreign investment opportunities in sectors that have been banned .
As is known , the government has issued a new Investment Negative List which allows foreigners to invest in the business  ports , telecommunications , and the new farmasi.Kebijakan visible impact in the next three months . The lack of certainty regarding the reduction ( tapering - off ) financial stimulus the Federal Reserve ( the Fed ) is still shadowing the movement of currency global financial domestik. Sentiment there is no certainty that it can be negative for market sentiment money .
Expected in the fourth quarter of 2013, economic growth in Indonesia recorded better growth boosting domestic currency into positive territory .Predicted , the movement of the exchange rate on Thursday ( 7/11 ) to move in the range of Rp11.250 - Rp11.550 per U.S. dollar .
Meanwhile , at 09.30 WIB observed exchange rate has strengthened by 66 points to Rp11.350 per U.S. dollar .