Go Finance Reporting for Jakarta - The rupiah weakened looked back along with the Composite Index (IHSG) is a negative move.
Exchange rate of Bank Indonesia (BI), Wednesday (02/09/2011) mentions in a position Rp8.917 stable rupiah per USD, same as yesterday's trading. Meanwhile, according yahoofinance, the rupiah weakened to a position Rp8.932, 5 per USD, with daily trading range in Rp8.905-8942, 5 per USD.
In fact, the dollar or the euro weakened monitored to 1.3646 per U.S. dollar. So also on the pounds, the dollar weakened to 1.6091 per U.S. dollar. While against the yen, the dollar rose to 82.515 per U.S. dollar.
Indonesian Securities analyst Samuel Soelistianingsih Lana said, as has been predicted earlier, the Central Bank of China raised lending rate to 6.06 percent and deposit rates to three percent, 2.3 percent lower than the inflation rate (negative real interest rate) to encourage purchase of goods and assets.
The increase in interest rates this as an attempt to reduce China's economic growth rate is still high at 9.8 percent is in the fourth quarter of 2010 and inflationary pressures are strong. Throughout 2010, the Central Bank of China has raised interest rates at 0.75 percent, while India has increased its benchmark lending rate by 1.75 percent, and South Korea at 0.75 percent, while Indonesia has only raised 25 bps in early February.
The increase in interest rates in Asia and especially China expected to continue. The market also responded positively the policy of raising interest rates. (GoFinance)
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