Other Publications
Rupiah stable at Rp 10,300 against dollar
The Jakarta Post , Jakarta | Mon, 05/11/2009 11:08 AM | Business
The Indonesian Rupiah was trading stably at Rp 10,300 against the U.S. dollar on the Jakarta inter-bank market on Monday morning.The rupiah strengthened slightly to Rp 12,285 in morning trade, up from last Friday’s close of Rp 10,370.
Money market analyst Edwin Sinaga told state news agency Antara that the rupiah would continue to strengthen toward Rp 10,000 level as more and more foreign investors enter into the Indonesian capital market.
“The more foreign money entering into the domestic market will boost the rupiah," he said.
He also said positive political developments in the country had encouraged foreign investors.
The market was buoyed by the General Election Commission's announcement last week of official election results that named President Susilo Bambang Yudhoyono's Democratic Party as the winner of the legislative election.
What's On
- Franchise & Business Concept
11/13/2009 11/15/2009 Jakarta Convention Center - Indonesia Furniture Fair
11/14/2009 11/22/2009 Jakarta Convention Center - Indonesia Maternity & Baby Expo 2009
11/20/2009 11/22/2009 Jakarta Convention Center
- Festival of India
10/29/2009 12/15/2009 Balai Kartini & Umar Ismail Hall, Jakarta
- Best Dutch Books Designs
10/08/2009 11/12/2009 Erasmus Huis, Jl. H.R. Rasuna Said Kav S-3, Kuningan, South Jakarta (Tel. 5241069) - Power of the Shape. Sculpture exhibition by Dolorosa Sinaga
10/29/2009 11/15/2009 Kendra Gallery of Contemporary Art, Bali Until Nov. 15 Jl. Drupadi No.88B, Basangkasa Seminyak, Bali - The Erased Time: Solo exhibition by FX Harsono
11/01/2009 11/14/2009 Galeri Nasional Indonesia, Central Jakarta