1. Lower rupiah inflation is making it possible for the government to lower interest rates, which will help drive corporate profits higher in the coming year, Ghandi said. 2. Dealers said hopes for an extended pre-double celebration rally were now dashed with renewed concerns following the lower rupiah and rising local interest rates. 3. Earlier this week, the Indonesian government said the lower rupiah would probably boost non-oil exports, especially natural resources-based products. 4. Several major Indonesian companies played possible problems for the economy and instead stressed that a lower rupiah would favor exporters. 5. Several major Indonesian companies played down possible problems for the economy and instead stressed that a lower rupiah would favor exporters. |