Wednesday, March 30, 2011

::Rupiah Limited Weakened>>

Go Finance Reporting in JAKARTA - The rupiah was observed to move down and parked on level Rp8.702 per USD. Although the rupiah weakened, but quite mild due to exchange rate following the strengthening of other Asian currencies.

Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (03/30/2011) moves thin to a level of Rp8.715 per USD, compared with the previous trading period of Rp8.712 per USD.

While based on yahoofinance, the rupiah was still in position Rp8.703 per USD with a daily trading range in Rp8.702-Rp8.712 per USD. In addition to dollars, the other major world currencies also strengthened against the dollar moves. The euro rose to 1.4108 per USD, and the pound rose 1.6035 per USD.

Previously, Indonesian Securities analyst Samuel Lana Soelistianingsih explained that foreign exchange reserves rose again, up $ 1 billion a week so that the total international reserves as of March 25 reached USD104, 3 billion.

According to him, there is an additional approximately $ 1 billion in the last week coming into the asset portfolio, namely SBI Rp2, SUN 9 trillion and Rp 5, 7 trillion.

Meanwhile, foreign positions in SBI reached a total of Rp74, 5 billion or approximately 32.4 percent of the total outstanding SBI. While at SUN reach a total of Rp209, 9 billion or approximately 31 percent of the total outstanding government securities. (GoFinance)

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