| Rupiah down 20 pts |
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| Friday, 19 February 2010 08:43 | |||
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Jakarta
- Kurs rupiah against the U.S. dollar in the Jakarta interbank spot
market on Thursday, evening fell 20 points to Rp9.285-Rp9.295 per
dollar as market players were still off Indonesia's currency to realize
profits after they welcomed the Lunar New Year holiday.
Although the rupiah weakened, his position was under Rp9.300 per dollar figure that its presence is still quite solid, analysts said financial markets in the PT Valbury Asia Securities, Michael Andi Surya in Jakarta on Thursday. Michael Andi said the dollar's position good enough if they are in the range Rp9.300 to Rp9.500 per dollar. So the current position of the rupiah dinilainya tend to be better, he said. Rupiah, he added, previously weakened by 50 points in the morning session. However, market pressure is reduced before the close because the perpetrator more optimistic financial crisis in the European region will be restored. This condition will reduce the concern of market participants and they are more likely to re-buy the rupiah, he said. According to him, the money market in the next day would be more positive and re-trigger the rupiah strengthened approximately Rp9.250 per dollar because the U.S. stock market continued to rally even in today's actors heed these positive factors. Confidence of foreign market participants on the domestic market is expected to continue to increase, especially Indonesia continue to fix themselves so that they remain comfortable living in the country and placing funds in the Indonesian market. With foreign actors active in Indonesia, he said, economic growth will grow faster because they have strong capital to open a new business. Difficult to develop if the growth of the three factors of government, private, banking backed by foreign investors, are not mutually supportive. If any of these elements do not contribute, then the national economic growth running a bit slow, although growth remains. In addition banks should also offer a low interest rate credit demand grew so large that in turn encourages further movement of the rupiah strengthened, he said. | Antaranews.com | tenderoffer.biz |
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