| Surviving Morning rupiah per dollar at Level Rp9.015 |
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| Friday, 23 April 2010 10:06 | |||||||
Page 1 of 2 Jakarta
- The rupiah against the U.S. dollar in the Jakarta interbank spot
market on Friday morning tends to endure, because the buy-and-drop
action is still balanced, so there is no negative fluctuation of the
second movement of the currency.
The rupiah exchange rate against the dollar fell five points to Rp9.015-Rp9.025 per dollar compared to the previous day's closing-Rp9.020 Rp9.010. Anwar Farial money market observer here on Friday said the rupiah during the week was still on Rp9.000 per-dollar figure is difficult to be under that position. Although some analysts expect the rupiah's position should have been below the Rp9.000 per dollar, due to strong foreign fund flows into the domestic market, he said. This, according to him, because Bank Indonesia still remains in the second movement of the market maintain that currency. BI keeping Indonesian currency is above the figure Rp9.000 even attempted to get away so that exporters do not complain and also to keep state revenues continue to improve. Farial Anwar, who is also the Director of Currency Management Group said forward rupiah still more likely to be able to break the Rp9.000 per dollar, although the BI is still on the market. But how long the central bank will survive, let alone a positive pressure of the market continues to insist that amount under Rp9.000 per dollar figures, he said. According to him, the movement amount that should be left on the market, because the positive pressure is only temporary, as long as foreign capital flows in, but in time the positive factors that will be reduced. | Antaranews.com | tenderoffer.biz |
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