Rupiah Morning Ride 25 Points

Jakarta, (ANTARA News) - The exchange rate of rupiah against the U.S. dollar in the inter-bank spot market, Jakarta Thursday morning rose 25 basis points for each Rp11.175/11.235 into U.S. dollars, compared Rp.11.200/11.225 closing the previous day, as the market began to release the foreign currency.

"However the U.S. dollar offshore action is still relatively small, so the dollar has not increased since the big decline last week so that its position had fallen on the Rp11.000 per U.S. dollars, said Director of Retail Banking of PT Bank Mega Tbk, Kostaman Thayib in Jakarta on Thursday.

Kostaman Thayib, said it improved the rupiah, because the rate is time to find happiness after an increase big enough.

"We estimate the rupiah will return menguat, because the market is concerned global economic growth more difficult after the president elect Barack Obama in his speech does not offend the stimulus package of infrastructure sector," he said.

United States earlier issued a plan to fund the infrastructure sector Stimulus package of 850 billion dollars plus the tax-cutting as much as 300 billion fund and talangan (ballout) of 350 billion.

According to him, the market is concerned with the absence of a statement from Barack Obama the global economic growth will be more serious, because the effort to support the reduction in the global financial crisis increasingly thin. (*)

source : kompas.com
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