| Thursday afternoon Rupiah Down 20 Points |
 |
 |
 |
| Friday, 12 February 2010 09:46 | |||
|
Jakarta
- Kurs rupiah against the U.S. dollar in the Jakarta interbank spot
market on Thursday afternoon down 20 points to Rp9.375-Rp9.385 per
dollar compared to the previous day's closing Rp9.355-Rp9.365, since
market participants tend to take off the rupiah.
Retail Banking Director of PT Bank Mega Tbk, Kostaman Thayib in Jakarta Thursday said the price correction against the rupiah today is considered just ordinary trade. There are no new factors that pushed the rupiah weakened due to this greater demand for dollars that pushed the rupiah, he said. Strengthening demand for dollars, according to him, because the foreign currency in regional markets to improve the major currencies of other Asian. The movement of the rupiah during this week is uncertain, however, is still considered a safe position, he said. Rupiah, continued weakening until he got above Rp9.400 per dollar, as investors fear the financial crisis in European financial markets mengimbas Indonesia. But the price correction did not last long, the rupiah was again improved even close to Rp9.300 per dollar, he said. So rise and fall of the rupiah factors, according to him is whether the current request requires market dollars, so one of the currency will be strengthened. "We expect the rupiah is still a chance to strengthen again when the new supporting factors emerged in the market," he said. He said Indonesia was still a market that provides "gains" are high, as investors continue to play in the domestic market. Moreover, the stock market and money market in the domestic market is considered a better prospect than any other market, he said. | antaranews.com | tenderoffer.biz |
|
Legitimacy & Law
About Us
Trusted Partner
