Jakarta (ANTARA News) - The Indonesian currency rupiah gained 7 points against the US dollar in morning trade on Monday boosted by optimism over Greek bailout fund.

The currency traded at 9,630 to the dollar in inter-bank transactions strengthening from the level of 9,637 per dollar earlier.

"The value of risky currencies including rupiah strengthened against dollar amid optimism that international creditors would soon agree to disburse more bail out fund for ailing Greek economy," Monex Investindo Futures` chief researcher Ariston Tjendra said here on Monday.

Growing business sentiment in Germany also contribute to raising the value of risky currencies in the world,he added.

In addition, China`s manufacturing data indicated a rebound this month strengthening optimism that the world`s second largest economy would revive after recent slowdown, he said.

Trust Securities` analyst Reza Priyambada said the rupiah gained on improved manufacturing data of China, Germany and France.

Positive sentiments from Europe would strengthen the exchange value of euro against the US dollar while waiting for fiscal cliff to be launched this week.

"The euro strengthening which is followed by appreciation of Asian currencies would slightly add to the strength of rupiah, he said.(*)

Editor: Heru Purwanto
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