Go Finance Reporting - The exchange rate is projected will have reinforcement. Rising commodity prices will likely be a positive sentiment for the rupiah.
"The rise in oil prices could be a factor to withstand the continuing decline in Asian markets including the rupiah," said analyst Samuel Lana Soelistianingsih Securities Indonesia in Jakarta in his research.
Lana estimate the rupiah will be slightly stronger with a range between Rp9.050-Rp9.060 per USD in trading today.
Previously, the Asian currencies including the rupiah closed lower. U.S. dollar strengthened as a negative response from the combined effects of debt downgrades by Fitch and an increase in the Greek policy of minimum reserve requirements (MRR) in China to reduce inflationary pressures.
Rupiah closed at Rp9.063 per USD (Bloomberg middle rates). Attenuation also occurs in Asian stocks closed down. IHSG down to 3535.73. Meanwhile, the price of WTI crude oil is still closed up to USD91, 54 per barrel. (GoFinance)
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