MARKET TALK: USD/IDR Higher; 9050-9100 Range Tipped Monday

The USD/IDR is higher at 9,060 vs 9,040 late Thursday in Asia on persistent demand from importers, dealers say. Still, the pair manages to retreat from the 9,065 intraday high; three dealers say Bank Indonesia was suspected of selling around $50 million at 9,060. "We are also seeing some funds flowing out of local bond and stock markets as investors are worried about rising inflationay pressure. The government is considering hiking subsidized gasoline prices," a dealer says. Dealers tip the pair to trade in a 9,050-9,100 range Monday.