ID :
115345
Tue, 04/06/2010 - 15:46
Auther :
Shortlink :
https://oananews.org//node/115345
The shortlink copeid
RUPIAH STRENGTHENS TO NEARLY RP9,000 PER US DOLLAR
Jakarta, April 6 (ANTARA) - The rupiah strengthened against the US dollar in the Jakarta interbank spot market here on Tuesday morning and approached the level of Rp9,000 per US dollar.
The Indonesian currency traded Rp9,035-Rp9,045 per US dollar, up 12 points from Rp9,047-Rp9,057 per US dollar at the market's close a day earlier.
The local unit was bolstered by foreign funds inflow into the domestic market, Asti, a research analyst of PT BNI Securities, said.
She believed that the rupiah had a big chance to reach the level of Rp9,000 per US dollar.
"We are optimistic that the rupiah will move toward that in the near future," she said.
Positive global, regional and internal factors boosted the local currency, she said.
Moreover, Bank Indonesia, the country's central bank, was expected to maintain its key rate at 6.5 percent, although other central banks in the Asian region, including those of India and China, had increased their interest rates, she said.
Foreign investors were still active in the domestic money market as Indonesia's economic growth rate was expected to be at over 5.5 per cent.
That condition boosted investors' confidence that Indonesia's economy would continue to grow from year to year, she said.
The Indonesian currency traded Rp9,035-Rp9,045 per US dollar, up 12 points from Rp9,047-Rp9,057 per US dollar at the market's close a day earlier.
The local unit was bolstered by foreign funds inflow into the domestic market, Asti, a research analyst of PT BNI Securities, said.
She believed that the rupiah had a big chance to reach the level of Rp9,000 per US dollar.
"We are optimistic that the rupiah will move toward that in the near future," she said.
Positive global, regional and internal factors boosted the local currency, she said.
Moreover, Bank Indonesia, the country's central bank, was expected to maintain its key rate at 6.5 percent, although other central banks in the Asian region, including those of India and China, had increased their interest rates, she said.
Foreign investors were still active in the domestic money market as Indonesia's economic growth rate was expected to be at over 5.5 per cent.
That condition boosted investors' confidence that Indonesia's economy would continue to grow from year to year, she said.
