JAKARTA - The rupiah strengthened against the US dollar in the Jakarta interbank spot market here Thursday morning, following a slump in the greenback’s exchange rate in regional markets.
The Indonesian currency traded Rp9,001-Rp9,010 per US dollar, up 17 points from Rp9,018-Rp9,028 per US dollar at the market’s close a day earlier.
Several positive external factors had also prompted investors to actively buying the local currency, according to President Director of Finan Corpindo Nusa Edwin Sinaga.
“We are optimistic that the rupiah on Thursday afternoon will move upward further, because the positive factor is getting stronger,” he said.