Market observer Lana Soelistianingsih of Samuel Sekuritas, said here Thursday the rupiah value tended to be bearish against the US dollar, but Bank Indonesia (BI) is expected to prevent the currency from falling deeper.
"With the central bank on its defense, the rupiah would move in a narrow space," Lana said.
She predicted the US economy would not be as bad as many had feared amid shrinking exports and economic recession in Europe.
"The US economy grew 1.7 percent year on year in the second quarter of 2012 after a 2 percent growth YOY in the previous quarter," she said.(IGT)
: Masuki
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