Rupiah Stronger In Jakarta's Thursday Trade

Jakarta, Dec 11 (Antara) - The banks in Jakarta traded Indonesia`s rupiah at Rp12,325 per US dollar on Thursday morning or it regained 13 points from its previous rate of Rp12,338. Analyst of Platon Niaga Berjangka Lukman Leong said the rate of rupiah against the US dollar tended to get stronger ahead of the meeting of Bank Indonesia`s board of governors. "The currency market players hope that Bank Indonesia (central bank) will issue a policy that can maintain the inflation rate amid an increasing trend as a result of the impacts of the recent fuel price hike," he said. At this time, the BI rate reamins at the level of 7.75 percent but the space remains available for the central bank to control the inflation rate in the future, he said. Bank Indonesia was still active to intervene the currency market to maintain the exchange rate of rupiah against the greenback. Rully Nova, Bank Himpunan Saudara`s currency market analyst, has said on Wednesday that the fall of Indonesia`s US dollar reserves from 111.97 billion to 111.14 billion dollar at the end of November 2014 was also one of the negative sentiments for rupiah. The government`s decision to increase the subsidized fuel prices that has triggered higher inflation rate has also shadowed the rupiah`s value in the future, he said.