Monday, May 6, 2013

Observers: Asian currencies hold the strengthening rupiah

Jakarta (The Car Insurance Info)-economists Lana Soelistianingsih says Asian currencies are likely to weaken into a factor of tertahannya rupiah to strengthen against the u.s. dollar.

The exchange rate of rupiah interbank traded in Jakarta on Thursday morning moving weakened thin value to Rp 9.722 than before (Wednesday, 1/5) in position $ 9.720 per u.s. dollar.


"The sentiment of Asian currencies into rupiah at the level tertahannya factors. The Rupiah would still be stable, there is no significant sentiment affecting the domestic exchange rate movement, "said economists from Samuel securities, Lana Soelistianingsih here on Thursday.


He argued Japan yen as Asia's major currencies weakened but still maintained the movement tend to slow down when approaching 100 yen per US dollar.


He added the planned increase in the price of fuel oil (FUEL) subsidies supporting the stability of rupiah with ekspaktasi may reduce the demand for imported oil that had considerable pressure.


"The rise in fuel price subsidies also could help the health budget of the Government. If it is not raised, the STATE BUDGET deficit up to 2013 is expected to be 3.8 percent of GDP because consumption quotas assigned by 47 million tonnes estimated to be passed, "he said.


In addition to the deficit, further enlarged budget Lana, dikawatirkan also adds to the deficit in transactions running. Twin deficit it could change perceptions of Indonesia's economic fundamentals are still relatively good at this time.


Meanwhile, Lana says foreign ownership position in bond (SUN) have also continued to record increases. In the fourth week of April, there was an increase in foreign holdings amounted to Rp13,91 trillion to Rp294,66 trillion. From the stock market, buy a foreign registered neto went up by 40,9 million u.s. dollars.




Car Insurance; Insurance




Car Insurance; Insurance; Health Insurance

Title Post: Observers: Asian currencies hold the strengthening rupiah
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Author: Mohammad Zulfi Satriawan

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