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Thursday, February 14, 2013

The need for foreign exchange by importers added pressure on the rupiah. Bank Indonesia is also expected to remain on guard at the market, including trading on Friday (15/02/2013).



The need for foreign exchange by importers added pressure on the rupiah. Bank Indonesia is also expected to remain on guard at the market, including trading on Friday (15/02/2013).

In late trading Thursday (14/02/2013) closed lower rupiah at Rp 9659.50 per U.S. dollar from the moment it opened at Rp 9640 per U.S. dollar. Along the trade, move rupiah at Rp 9640-9670 per U.S. dollar.

According to research BNI Treasury, the closure of the stock exchange composite index in the green zone (touched 4600 levels in one session in which the highest level in history) helped hold the weakening rupiah towards the close yesterday afternoon.

Investor interest not only in the stock market but are also seen in the bond market where total government securities auction results reached Rp 9.95 trillion won from the initial target of Rp 7 trillion (offers entry reached EUR 29.37 billion) was also quite positive impact withstand further weakening rupiah yesterday.

Today has the potential to move the rupiah weakened consolidation trend again. Demand for foreign currency is expected to remain high, especially by importers amid export performance has not been too recovered encourage limited supply of dollars in the forex market today. Bank Indonesia has projected will continue to oversee the movement of the exchange rate today.

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