"Rupiah is forecast to remain stable hovering around 9,650-9,700 per dollar today," Samuel Sekuritas` analyst Lana Soelistianingsih said here on Friday.
Lana said the country`s foreign exchange reserves were reduced by US$4 billion in January partly used by Bank Indonesia to buy rupiah form the market to keep the currency from falling deeper.
The Indonesian foreign exchange reserves were reduced to US$108.8 billion by the end of January from US$112.8 billion by the end of 2012.
Trust Securities` analyst Reza Priyambada said the market players were still awaiting a statement by the European Central Bank leader on the region`s economic development.
The statement is expected to have impact on risky currencies including rupiah. (*)
Editor: Heru Purwanto
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