Jakarta (Antara Bali) - The Indonesian currency rupiah lost more of its value against the US dollar in Friday's opening trade on continued worries about European debt crisis.

Rupiah traded at 9,570 to the US dollar in inter-bank transactions losing 10 points  from the level of 9,560 in Thursday's close.

"Concern over condition in Europe held investors  from buying risky currencies," Ariston Tjendra, the chief researcher of  Monex Investindo Futures, said.

Investors are hedging their investment by placing funds in dollar under  volatile condition, Ariston said.

"US dollar is  still seen a safe haven for the financial market investors amid the European slowdown," he said.

Samuel Sekuritas analyst Lana Soelistianingsih  said minimum domestic sentiment also contributed to the rupiah fall.(IGT)



: Masuki

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