Investors optimism about the Indonesian economy is one of the factors bringing the rupiah to the positive area, money market analyst Lukman Leong of Platon Niaga Berjaka said here on Friday.
"Some Indonesian economic data that have been released are quite good. The data include the countrys foreign exchange reserves which rose to US$107.54 billion as of March 31. This has shored up market players optimism about the country achieving the economic growth target of more than 5 percent this year," he said.
Hopefully, the governments plan to revise the draft 2016 state budget will not affect the investors optimism about the Indonesian economy so that foreign investment continued to flow to the country, he said.
He added that the rupiahs appreciation against the dollar was inseparable from external factors, including global oil prices which started to move to the level of US$40 per barrel. This will affect the prices of other commodities to increase.
"As one of commodity producing countries, Indonesia will feel the positive impact," he said. (*)
Editor: Heru Purwanto
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