Dow Climbs 3.91 Points at 6,930.40
Thursday, 12 March 2009 08:54:50
| Rupiah Strengthens 15 Points at IDR11,975Friday, 13 March 2009 17:45:23StockWatch (Jakarta) - Rupiah strengthened by 15 points versus the US dollar at the Jakarta interbank spot market today (Friday 13/3) at IDR11,975 compared to Thursday's (12/3) closing at IDR11,990. A foreign currency dealer at a private bank in Jakarta said rupiah appreciation was triggered by positive activities in the stock market and profit taking of the US dollar. "Weekend factor caused profit taking in the currency market," the dealer said. He said rupiah is likely to weaken at IDR11,900-12,050 next week as investors will sell rupiah to anticipate general election campaigns. Yet, rupiah was mixed against the other foreign currencies and the rate versus the Singapore dollar appreciated at IDR7,787.74 from 7,847.30, but the rate versus the Hong Kong dollar appreciated at IDR1,546.33 from 1,549.46, the rate versus the Australian dollar weakened at IDR7,890.62 from 7,748.47 and the rate versus the euro depreciated at IDR15,477 from 15,355.78. (konrad/bw) |
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