Go Finance Reporting in JAKARTA - The rupiah was again strengthened by the end of trading this time due to the positive sentiment that characterizes the market.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (05/31/2011) rose to Rp8.537 per USD compared with the previous trading day at Rp8.548 per USD.
According yahoofinance, the rupiah is also parking at Rp8.537 per USD with a daily trading range in Rp8.527-Rp8.545 per USD. Value mat also monitored the world's major currencies strengthened against the dollar.
The euro rose to 1.4411 per USD, pound rose to 1.6511 and the Australian dollar strengthened to 1.07 per USD.
Apart from the weakening U.S. dollar, the strengthening of the rupiah is also due to expectations step by Bank Indonesia (BI) to maintain BI's interest rate (BI Rate) in line with deflation is expected to occur in May 2011. (GoFinance)
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