Tender Procurements and Contract Opportunities Indonesia

Jakarta - Kurs rupiah against the U.S. dollar in the Jakarta interbank spot market was stable Friday morning for the second movement of the currency within a narrow range.
Narrow movement occurred after the statement of the President that the entry of foreign funds into Indonesia to watch out for, says analyst Danathama Currency PT Millennium Securities, Ahmad Riyadi in Jakarta on Friday.

The rupiah against the dollar to Rp9.122-Rp9.132 from previous Rp9.120-Rp9.130 or down two points.

He said the rush of foreign funds into the domestic market is necessary wary.

Because these funds flow easily pulled out, fear it would shake the economic and financial Indonesia, he said.

President's statement, he continued to make the local market rather be careful to follow the activities of foreign market players to play in the money market.

This situation also resulted in trade transactions in financial markets loosened somewhat over the previous day, he said.

However, he continued, local market players still remain in the market following the further developments.

They are still optimistic the rupiah will bounce back to reach the number Rp9.000 per dollar, although currently there are many obstacles confronting, he said.

He said, the movement of the rupiah since the beginning of this week was still in the range Rp9.100-Rp9.150 per dollar, sometimes up and down.

This shows the tight money market run, so that the movement of the rupiah slightly slowed, he said.

However, he added, the chance to rise again rupiah is still high because the foreign players still buying dollars to play in the stock market. | Antaranews.com | tenderoffer.biz |

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