Exchange rate of rupiah against the U.S. dollar is still below 9100

Exchange rate of rupiah against the U.S. dollar in the Jakarta interbank spot market on Wednesday (31/3/2010) evening fell 10 points to USD 9090-USD 9100 per U.S. dollar, because market players still off rupiah, despite U.S. stocks tend to be strengthened.

Currency analysts PT Valbury Asia Securities, Krisna Dwi Setiawan in Jakarta, Wednesday said the actual market participants hesitated off rupiah, due to positive factors from the external market. "However, market participants tend to realize gains than the purchase amount," he said.

Krisna Dwi Setiawan, said pressures on the rupiah is somewhat smaller due to reduced amount in the market selloff. "Although the rupiah falling by 10 points, but his position was still below the rate of Rp 9100 per U.S. dollar," he said.
Therefore, he continued, the opportunity to come back stronger rupiah is still high, because global and regional dynamics to trigger the rupiah is still positive rebound. "Rupiah now corrected, but kedepana will bounce back up into the higher rate of Rp 9000 per U.S. dollar," he said.

He said the inflation rate in March which showed that only 0.07 percent of Indonesia's economic growth will encourage more and better foreign players continue to put their money in the domestic market. "We expect action at next week's dominance of the rupiah will buy back occurs," he said.

According to him, the position of the current amount is good enough, but support for a big bounce back somewhat, with the continued entry of foreign funds into the market. "Because it was an opportunity to reach below the rate of Rp 9000 per U.S. dollar is very large," he said.
     
In the local market alone, according to him was still calm no issues, although the banking requested to immediately reduce lending rates in an effort to promote national economic growth grow taller. "We are optimistic that banks will lower rates again bungnnya to grow the economy better," he said.

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