Rupiah traded at 9,732 per US dollar in inter-bank transaction or unchanged from the level recorded on Tuesday`s close, Samuel Sekuritas` economist Lana Soelistianingsih said here on Wednesday.
The central bank has been especially cautious in protecting the currency after the international rating agency Standard & Poor (S&P) lowered the Indonesian debt rating from positive to stable last week, Lana said.
The rating agency lowered the rating on concern of failure to quickly act to cope with the risk of exchange rate as a result of the country`s trade and budget deficits, Lana said.
"Not only S&P, Moody`s also has warned the government and recommended immediate action to cope with the risks brought on by the deficits," she said.
The warning by Moody`s, however, has not brought about negative sentiments in the market especially on the rupiah exchange rate.
Trust Securities` analyst Reza Priyambada said Moody`s still maintains the rating of "Baa3" for Indonesia.
"The concern, however, has given rise to speculation that the investment grade for Indonesia would be delayed. (*)
Editor: Heru Purwanto
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