"Rupiah is still protected by the central bank," money market observer Rully Nova said.Jakarta (ANTARA News) - The Indonesian currency rupiah gained 40 points against the US dollar on Thursday morning on intervention by Bank Indonesia (BI).
The currency traded at 9,650 to the dollar in inter-bank transactions strengthening from the previous level of 9,690 .
"Rupiah is still protected by the central bank," money market observer from Bank Himpunan Saudara Rully Nova said here on Thursday.
Rully said external condition also contributed to the rupiah strengthening with growing Chinese economy boosting risky currencies including rupiah.
"Growing Chinese economy bring about positive sentiments in Asia countries," he said.
Samuel Sekuritas` analyst Lana Soelistianingsih said China is expected to end the period of its economic slowdown in the past seven quarters with the government plan to implement infrastructure projects.
"Chinese economic revival also indicates economic improvement in the European Union and the United States its main trading partners, Lana said.
She predicted the rupiah would be kept to hover around the levels of 9,670- 9,690 per US dollar.(*)
Editor: Heru Purwanto
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