2012.05.28 05:17:58 MARKET TALK: USD/INR Likely Down; Dealer Eyes 55.00-55.40 Band

0322 GMT [Dow Jones] The USD/IDR is higher at 9,450, its highest level since Dec. 30, 2009, vs 9,350 late Friday as foreigners continue to sell stocks and bonds, dealers say. Three dealers suspect Bank Indonesia to have sold $20 million at IDR9,450, after Bank Indonesia deputy governor Hartadi Sarwono tells Dow Jones the central bank will continue to sell dollars and is weighing other options to boost the supply of currency. "Actually, we can feel that the dollar liquidity in the interbank market is improving," he says. He adds that thanks to improving liquidity most banks are now selling dollars to their customers around 9,500-9,550, much lower than Friday when dollars were sold as high as 9,700. Dealers tip a wide 9,400-9,600 range for Monday. (i-made.sentana@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 27, 2012 23:22 ET (03:22 GMT)