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rupiah weakened

12:33 PM, Posted by lasil, No Comment

Morning rupiah weakened approach Rp12.200 Per Dollar

Jakarta, (ANTARA News) - The exchange rate of rupiah against the U.S. dollar in the spot market antarbank Jakarta, on Wednesday morning had fallen to a number Rp12.200 per U.S. dollar, because the market feel more comfortable holding foreign currency rather than the rupiah.

The rupiah against the U.S. dollar down a Rp12.148/12.168 per U.S. dollar compared to the previous day closing Rp12.120/12.130 weakened or 28 points.

Money market observer, Edwin Sinaga in Jakarta on Wednesday, said keterpurukan rupiah so far are still considered reasonable in the limit, because almost all the regional currencies slump against the dollar.

Rupiah decline because of the market have felt more secure at this time the dollar is likely to menguat, despite the financial crisis in the country is still worrying, he said.



It is important, he continued, the market pressure can still be controlled so that a decrease in rupiah still rational, because the market fears of national economic growth.

Indonesian is not able to improve economic growth, as happened in South Korea, although the government has issued various bonds in and outside the country, he said.

According to Edwin Sinaga, rupiah decline, as the market saw a declining export performance, due to larger imports, appear that the fear factor economic growth difficult.

Because dollars have supported a more secure seretnya supply of dollars to the global market, he said.

Therefore, he rupiah in the afternoon later estimated the closure will continue to reach out to a number Rp12.200 per U.S. dollar.

Although terpuruk, negative pressure on the rupiah market can still be controlled, so that the correction is still going reasonably assessed is not irrasional.

He said, the market tends to be contemptuous of the government bonds issued to excess demand.

Because the government bonds only to keep the U.S. dollar demand is greater, the actors want to see what the government consist of the performance of the economy is depressed, he said. (antara)

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