1. A stronger rupiah would be a tonic for the economy, Ginandjar said. 2. Investors were wary of selling too much rupiah in the past few days, on concern any positive government measure could cause others to push the rupiah stronger. 3. Over time, getting companies back on their feet leads to a much faster return to healthy economic growth rates, low inflation and a much stronger rupiah. 4. Dealers said the stronger rupiah and speculation that the government will ease liquidity by reducing the interest rate encouraged investors. 5. He said a stronger rupiah would not hurt export competitiveness, but instead cut the cost of raw materials imported by exporters. 6. However, he noted that the benefit of a stronger rupiah would be greater than the drawback of increasing the cost of funds. 7. Is a stronger rupiah already around the corner? 8. The stronger rupiah caused people to liquidate their positions in telecommunications stocks. 9. Without a stronger rupiah, the high interest rates will most likely be maintained with devastating effects on both businesses and banks. 10. The Jakarta stock market is expected to see bullish trade in the coming week due to positive market sentiment and a stronger rupiah, dealers said Friday. |