Rupiah traded and closed at 9,788 per dollar on Thursday.
"The market sentiment is stable after the Fed gave signal it would cut bond purchase by phases," Trust Securities` chief researcher Reza Priyambada said here on Friday.
Reza said the rise of Japan`s yen also gave a boost to rupiah, adding the yen rise was triggered by the yield of a 10-year bond blocking the US appreciation.
"The yen appreciation was significant to put rupiah in a positive territory," he said.
Meanwhile, debate on plan to raise the price of subsidized oil fuels is expected to be wrapped up soon, he said.
The oil fuel price hike is expected to redress the country`s balance of payments shoring up rupiah, he added.
Samuel Sekuritas` economist Lana Soelistianingsih said the deficit in the country`s balance of payments had resulted in a decline of US$8 billion in the country`s foreign exchange reserve in the first quarter of 2013 to US$104.8 billion by the end of March.
"The increase in the prices of subsidized oil fuel is expected to help strengthen rupiah, Lana said.
However, the rupiah would still follow the yen trend , she said, predicting the Indonesian currency would hover around 9,750-9,770 per US dollar. (*)
Editor: Heru Purwanto
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