Rupiah`s weakening no reason for worry, says BI executive<\/p>\n
Jakarta (ANTARA News) - Bank Indonesia (BI) Deputy Senior Governor Miranda S Goeltom said there was no reason to worry about the current weakening of the rupiah`s exchange rate against the US dollar as it was only a temporary developent.<\/p>\n
\"A slight weakening of the rupiah is not a problem as it had been strengthening over a long period of time before that,\" she said at a consultative meeting with Commission XI of the House of Representative here Tuesday.<\/p>\n
She attributed the dwindling rupiah`s exchange rate to such external factors as the coup in Thailand and the regional currencies exchange rates.<\/p>\n
There was no capital outflow but capital inflow so that the rupiah was not facing any major problem, she said.<\/p>\n
There was a positive sentiment for the rupiah?s exchange rate since a rating agency in Singapore decided that Indonesia was a country that was immune to oil price hikes to whatever level the price rose. .<\/p>\n
\"That`s why, I see no reason for worry about the rupiah?s exchange rate,\" she said.<\/p>\n
The rupiah`s exchange rate against the greenback at the inter-bank spot market here Monday sharply decreased to Rp9,210\/9,235 compared to the closing session last week which was recorded at Rp9,160\/9,175 or dropped by 50 points due to rising individual and corporate purchasing action.<\/p>\n
However, the rupiah?s exchange rate against the US dollar at the inter-bank spot market here Tuesday raised to Rp9,234\/9,240 compared to the Monday?s closing session which was recorded at Rp9,185\/9,248 or increasing by 8 points.<\/p>\n
Meanwhile current short-term capital flow to Indonesia was recorded at US$7 billion.(*)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiahs-weakening-no-reason-for-worry-says-bi-executive-1159332840", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }