... Indonesian Stock Exchange (BEI) also contributed significantly to rupiah strengthening."Jakarta (ANTARA News) - The rupiah value rose against the US dollar on Tuesday amid uncertainty over the US central bank`s plan to cut its monetary stimulus.
Rupiah closed stronger at 11,361 per dollar from 11,580 earlier with the US currencies weakening against other major currencies in the world, analysts said.
Debate continued on The Fed monetary stimulus tapering off followed US unemployment data not as expected, Monex Investindo Futures` chief researcher Ariston Tjendra said here on Tuesday.
Meanwhile, Chinese export data improved beyond expectation giving greater optimism and positive sentiment to financial market players in Asia, Ariston said.
"The prospects of stability in Chinese economic condition and relaxation of tension over Surya conflict gave positive sentiment," he said.
Trust Securities` chief researcher Reza Priyambada attributed the rupiah rise to intervention by Bank Indonesia in domestic financial market.
"Slight increase in the country`s foreign exchange reserve and in composite share price index of the Indonesian Stock Exchange (BEI) also contributed significantly to rupiah strengthening," Reza said.
(Uu.H-ASG/A014)
Editor: Priyambodo RH
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