| Rupiah Morning Down 10 Points |
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| Thursday, 22 April 2010 10:37 | |||||||
Page 1 of 2 Jakarta
- The rupiah against the U.S. dollar in the Jakarta interbank spot
market, fell Thursday morning as market players took off in a number of
relatively small amount, followed uncertainty of stock market
conditions on Wall Street.The rupiah exchange rate against the dollar weakened to Rp9.022-Rp9.032 per dollar compared to previous day's closing Rp9.010-Rp9.020 or down 12 points. Money market observer, Farial Anwar in Jakarta, Thursday, said the chances of rupiah to rise up under Rp9.000 per dollar figure is still large, although currently somewhat restrained by the inclusion of Bank Indonesia (BI) to the market. BI release foreign currency reserves to withstand further increase in amount, let alone the current BI reserves large enough to reach 75 billion U.S. dollars, he said. The main factor, he continued to have strengthened rupiah, due to the entry of foreign investors which was originally issued in Thailand diverted to the domestic market, due to the crisis in the country's white elephant. "We are optimistic the rupiah still be moving up again just a matter of time to get under Rp9.000 per-dollar figure," he said. Foreign actors, according to him is very interested in placing their funds in Indonesia, because of its macro economic growth is getting better. | Antaranews.com | tenderoffer.biz |
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