Jakarta (ANTARA News) - The rupiah exchange rate against U.S. dollar (U.S.) in the Jakarta interbank spot market on Friday afternoon climbed to nearly the level of Rp8.600 per dollar, because the action of dollars by buying foreign players get bigger.
The rupiah exchange rate against the U.S. dollar rose 32 points to Rp8.643 per dollar compared to the previous day Rp8.675.
Analyst with PT First Asia Capital, Irfan Kurniawan, in Jakarta on Friday, said that market participants buy dollars triggered by a market issue, which states that Indonesia managed to improve its debt rating from BB to BBB +.
Such issues lead to boost the purchase of dollars of foreign players that drive the local currency moves up, he said.
Purchases of dollars by foreign players, according to him, also followed local actors, so that the market dominance of money in buying a fairly crowded.
"We are optimistic dollars at next week's will be able to reach the number Rp8.600 per dollar because foreign interests to play in the domestic market is very high," he said.
He said that Indonesia is considered a potentially attractive market, especially economic growth continues to increase that encourage foreign actors tend to be more players in the market.
So the chances of the rupiah to strengthen next week is still very large, he said.
Indonesia, he added stranger should be able to divert funds from short term to long-term growth for the economy to grow more rapidly.
National economic growth target of six percent more, it turns out less than optimal when compared to other Asian countries could grow by eight percent, he said.
However, he added, market conditions like these can still push the rupiah continued to rise until it reaches the level Rp8.600 per dollar.
