Tuesday, August 23, 2011

"Rupiah Still Strong in Rp8.544"


JAKARTA - The trend is still color the strengthening of trade dollars. Today, the rupiah closed at the level Rp8.544 per USD.

Data Bank Indonesia middle rate (BI), Tuesday (08/23/2011) shows, the tradeearlier in the week opened with the strengthening of the rupiah to six points andparking at the level of Rp8.552 per USD. Meanwhile, today's rupiah gainedeight points in the range of Rp8.544 per USD.

The data was released yahoofinance also menasbihkan rupiah strengtheningtrend in the level of Rp8.537, 5 per USD with a trading range,5-Rp8 Rp8.537.553. Yesterday, the rupiah parking at Rp8.547, 5 per USD.

Meanwhile, the dollar against the euro at 1.4465 dollars per euro level.Meanwhile, the dollar appreciated 76.6150 yen.

Before Idul Fitri, inflation in August is estimated no more than one percentmom. However, this figure is expected to be higher than the inflation-fasting Idul Fitri season which recorded 0.76 percent in 2010 mom. The reason, Ramadanand Lebaran occur in the same month.

Digit inflation in July recorded 0.67 percent or 4.61 percent yoy mom.Cumulatively, up to July 2011 inflation rate of 1.74 percent recorded ytd.

Thus, the cumulative inflation rate is predicted to remain safe, and is stillpossible to achieve the inflation target according to 2011 state budgetassumption of 5.3 percent. Another factor is, guarantee the absence ofsubsidized fuel price increases.

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