1. Despite a general slowdown, the rupiah was strengthening. 2. That prompted speculation that the government was willing to see the rupiah strengthen to help curb inflation. 3. The Indonesian rupiah strengthened for a third day, on expectations President Suharto and the International Monetary Fund will announce stronger measures to boost investor confidence. 4. And there are people who feel that the Indonesian rupiah will strengthen still further. 5. But she miscalculated the effect of the IMF deal with the government, thinking the rupiah would strengthen but the opposite happened. 6. Economists and dealers predicted Tuesday that the rupiah would strengthen further in the short term, but might slide again because of a negative impact on export competitiveness. 7. Even though the rupiah is strengthening, the students continue demonstrating because prices of goods remain high and they find it difficult to pay their rent. 8. He asked local producers to reduce the retail prices of milk when the rupiah strengthens against the U.S. dollar. 9. He forecast the rupiah could strengthen in the near future even if the central bank cut its benchmark interest rates provided that political reforms proceeded smoothly. 10. He expressed confidence that the rupiah would eventually strengthen to a more reasonable rate. |