| Penetrating Morning Rp9.400 rupiah per dollar |
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| Monday, 08 February 2010 11:15 | |||
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Jakarta
- Kurs rupiah against the U.S. dollar in the Jakarta interbank spot
market on Monday morning through the figures down to Rp9.400 per
dollar, as market participants continued to take off the rupiah, due to
fears of global economic growth. Concerns over global economic growth that has not been made foreign and local actors in the current financial markets and buying dollars off the dollar so that pressing the Indonesian currency, analysts said financial markets, Edwin Sinaga in Jakarta, Monday. The rupiah against the dollar dropped to Rp9.415-Rp9.425 per dollar compared to the closing weekend Rp9.380-Rp9.390 or down 35 points. Panic perpetrators, he added they would rather lead off the rupiah and buy dollars, so the rupiah slumped to the above Rp9.400 per dollar. Market pressures are strong enough to cause the rupiah continued to stress the concern would be close to Rp9.500 per dollar, he said. According to him, Bank Indonesia (BI) is likely to make a market intervention to hold the speed correction of the rupiah against the U.S. dollar. BI will release dollar reserves to keep the rupiah was not depressed, in which the BI's foreign reserves reached 69.6 billion, which was considered strong enough, he said. He said the BI does not want the rupiah slumped to the above Rp9.500 per dollar, for fear that if the position reached Rp9.500 rupiah per dollar then the market pressure will increasingly strengthened. | Antaranews.com | tenderoffer.biz |
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