ID :
93951
Wed, 12/09/2009 - 12:02
Auther :
Shortlink :
https://www.oananews.org//node/93951
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RUPIAH SLIGHTLY WEAKENS AGAINST US DOLLAR
Jakarta, Dec. 9 (ANTARA) - The rupiah in the Jakarta interbank spot market here on Wednesday morning slightly weakened against the US dollar as investors were cautious over an anti-corruption mass rally on Wednesday.
The Indonesian currency traded Rp9,465-Rp9,475 per US dollar, down 17 points from Rp9,445-Rp9,455 per US dollar at the market`s close a day earlier.
Edwin Sinaga, a domestic money market analyst, expressed hope that the expected mass rally would be peaceful so that it would not have a negative effect on the market.
If the rally turned violent, the market would move in a negative way and the local currency could weaken, he said.
The market was not that active as investors were still cautious and waiting for developments around the mass rally.
"We are optimistic that the government has made adequate preparations to guard the rally and prevent it from becoming violent or destructive to the country`s democracy," he said.
Edwin Sinaga, who is concurrently president director of PT Finan Corpindo Nusa, said the government was also expected to continue its programs to develop the national power generating capacity and infrastructure as the two sectors were very important to investors.
He was optimistic that the rupiah would still have a chance to strengthen again soon.
The Indonesian currency traded Rp9,465-Rp9,475 per US dollar, down 17 points from Rp9,445-Rp9,455 per US dollar at the market`s close a day earlier.
Edwin Sinaga, a domestic money market analyst, expressed hope that the expected mass rally would be peaceful so that it would not have a negative effect on the market.
If the rally turned violent, the market would move in a negative way and the local currency could weaken, he said.
The market was not that active as investors were still cautious and waiting for developments around the mass rally.
"We are optimistic that the government has made adequate preparations to guard the rally and prevent it from becoming violent or destructive to the country`s democracy," he said.
Edwin Sinaga, who is concurrently president director of PT Finan Corpindo Nusa, said the government was also expected to continue its programs to develop the national power generating capacity and infrastructure as the two sectors were very important to investors.
He was optimistic that the rupiah would still have a chance to strengthen again soon.
