Week beginning Rupiah Still Stagnant

Value of the rupiah against the U.S. dollar on Monday morning has not moved along with the attraction of positive and negative sentiment in financial markets.

Exchange rate of rupiah in Jakarta interbank ditransaksi Monday morning has not been positioned to move the value of Rp 9164 per U.S. dollar. "The World Bank estimates that China's economy can still grow into a global positive sentiment. But from within the country, spending uptake is still below target, there is a sentiment of attraction," said analyst Samuel money market securities Soelistianingsih Lana on Monday.

Lana said, uptake in domestic spending is still below the target that makes the source of debt financing that can be said to be derived from "idle" and only adds to the burden of unproductive expenditure.

From the external, he added, China's economy grew originally targeted only 7.5 per cent, seems to grow taller. "The World Bank estimates that China's economy can still grow by 8.2 percent for the year 2012. The Government of China also increase the share of foreign buying in stocks and bonds as well as the magnitude of which is held overseas yuan invested outside China," he said.

Lana argues, China is expected the next loosen its foreign policy. Both the policy gives China an opportunity not to experience "hard landing" after there is any indication of overheating and possible bubble in the property sector.

Meanwhile, economist at Bank Mandiri, Destri Damayanti added that the rupiah likely to remain under considerable stress due to uncertainty about the rising price of fuel oil (BBM) to the fore.

However, further Destri, terdepresiasinya rupiah only temporary. Once the certainty, the rupiah will be back to normal.

He said the current that must be aware of pressure on the balance of payments deficit was considered quite large current. BI expected to stay alert and able to maintain rupiah stability.