ID :
26057
Wed, 10/22/2008 - 18:02
Auther :
Shortlink :
https://www.oananews.org//node/26057
The shortlink copeid
LIQUIDITY IN DOMESTIC MONEY MARKET REACHES RP32.928 TRILLION
Jakarta, Oct. 22 (ANTARA) - Bank Indonesia (BI), the country's central bank, said liquidity available in the domestic money market reached Rp32.928 trillion on Wednesday at 2 pm Western Indonesian Time (WIB).
The liquidity availability dropped from Rp35.312 trillion on Tuesday (Oct. 21), according to information from the BI Monetary Bureau.
In the projection of BI's daily liquidity, it was stated that the Open Market Operation (OPT) instrument which was due, was recorded at Rp30.472 trillion, a drop from Rp31.359 trillion on the previous day.
Meanwhile, the excess reserve late Wednesday amounted to Rp2 trillion, or a slightly down from Rp2.029 trillion on Tuesday (Oct. 21).
The rupiah tumbled to nearly Rp9,900 per US dollar in the Jakarta interbank spot market on Wednesday morning as market players again bought dollars out of concern over the sluggish global economic conditions.
The rupiah traded at Rp9,875/9,880 per US dollar, down 71 points from Rp9,804/10.016 per US dollar the day before.
President director of PT Finan Corpindo Edwin Sinaga said here on Wednesday that the pressure on the rupiah was estimated not to last long, following a joint move by the US central bank, The Fed, the British central bank other European countries' central banks to inject fresh funds into the money market for liquidity in the global market.
The liquidity availability dropped from Rp35.312 trillion on Tuesday (Oct. 21), according to information from the BI Monetary Bureau.
In the projection of BI's daily liquidity, it was stated that the Open Market Operation (OPT) instrument which was due, was recorded at Rp30.472 trillion, a drop from Rp31.359 trillion on the previous day.
Meanwhile, the excess reserve late Wednesday amounted to Rp2 trillion, or a slightly down from Rp2.029 trillion on Tuesday (Oct. 21).
The rupiah tumbled to nearly Rp9,900 per US dollar in the Jakarta interbank spot market on Wednesday morning as market players again bought dollars out of concern over the sluggish global economic conditions.
The rupiah traded at Rp9,875/9,880 per US dollar, down 71 points from Rp9,804/10.016 per US dollar the day before.
President director of PT Finan Corpindo Edwin Sinaga said here on Wednesday that the pressure on the rupiah was estimated not to last long, following a joint move by the US central bank, The Fed, the British central bank other European countries' central banks to inject fresh funds into the money market for liquidity in the global market.
