Rupiah closed at 9,700 per US dollar gaining from the level of 9,705 earlier in the day.
"The rebound was driven by positive data of European manufacture index," Trust Securities` analyst Reza Priyamdaba said here on Thursday afternoon.
Further rise of the currency was held by negative sentiment ahead of a meeting between the European Central Bank and the Bank of England as France and Belgium expressed worries about euro being too strong.
"The market players also want to see if ECB also shared the concern," Reza said.
Samuel Sekuritas` economist Lana Soelistianingsih said rupiah tended to be stable after Bank Indonesia (BI) reminded of ban on hedging transaction with non delivery forward (NDF).
In Bank Indonesia middle rate on Thursday showed that rupiah weakened to 9,725 from 9,686 per dollar.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
