Rupiah Weakened to 9.205/US$

The rupiah  ended the week trading from $ 9.200/US level. Eventually the weakening of the rupiah after the show since the beginning of the week.
In trading on Friday (15/1/2010), the rupee closed at lower levels in 9205 dollars, compared with yesterday’s closing level since 9160 the U.S. dollar.

Acting Governor of BI Nasution Nasution said that the strengthening of the dollar since the beginning of this week through to the Rp 9150 the U.S. dollar caused by the massive flow of capital into the country.

“This is the flow of funds from abroad, therefore, not only for our country. Do not ever think it’s just for our country,” said Nasution Bank Building, Jakarta.

According to Nasution, the inflow of foreign funds in developing countries, all the better interest rates, high or low referral. It happened because the U.S. economic growth is too slow, so that the funds from Uncle Sam Itupun eventually.

“The U.S. is more peaceful country, not a worry. But if the economy grows slowly, as now, the money is released,” he added.

Nasution admitted strengthening rupee in recent times not to make all parties comfortable. BI will allow the rupee to move according to market mechanisms, without reference to any given time.

“When asked solace in the economy, there are always different events. There is little interest in the rupee, rupee a strong interest,” he concluded.

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