Sindonews.com -the exchange rate of the rupiah against the United States dollar (USD/IDR) seem to still be depressed weakened on trade this weekend.
"For Friday (22/3/2013) USD/IDR will be stagnant and predictable in the top-level 20,459-9.750. To this day, the demand for the rupiah to be high considering the needs of month end approaching many corporate liabilities due in the form of foreign currencies in particular USD, "Frank Exchanges, Andrew Rahadyo observer Widagdo, Friday (22/3/2013).
According to Rahadyo, the need to the attention of the Government BUDGET deficit in 2013 which will be greater than the year 2012.
"The budget deficit Spending of State Revenue (REVISED) 2013 predicted of 1.7 percent of gross domestic product, slightly higher than the STATE BUDGET deficit to 2013 set out Government amounting to Rp150,2 trillion, or 1.6 percent of GDP. And it seems that the deficit is still potentially continue to swell along with the burden of FUEL subsidies, "stated Rahadyo.
Earlier, on Thursday (21/3) the rupiah weakened to as low as 9.735 closed/9.740 after earlier on Wednesday (20/3) USD/IDR closed at level/9725 9728. "This condition influenced the issue of Cyprus which makes investors choose USD as a safe haven currency," said Rahadyo.
While from an increase in domestic yield premium to Indonesia 10-years bonds. due to the Government's plans to reduce the FUEL subsidy. This condition will accelerate inflation.
But based on Finance Minister Agus Martowardojo pernyatan that move made the Government is managing the collapsed and subsidies of FUEL well and there has been no Government plans to increase fuel prices.
(rna)Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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