2012.05.30 05:06:33 MARKET TALK: USD/IDR Higher; 9,600 Resistance Tipped

0306 GMT [Dow Jones] The USD/IDR is higher at 9,580 from 9,560 late Tuesday, as the market continues to shrug off Bank Indonesia's plan to introduce USD term deposits within the next two weeks to persuade banks to park their dollars in the central bank. Two traders suspect Bank Indonesia to have sold around $20 million at IDR9,580. "I think Bank Indonesia is defending 9,600 as support for the rupiah," one of the dealers says; he expects Bank Indonesia will continue to sell dollars today. Meanwhile, Barclays says in a note that it sees little scope for the USD/IDR to fall in the near term due to a political stalemate in Greece and weaker-than-expected growth in China. Dealers tip a 9,500-9,600 range for the day. (i-made.sentana@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires May 29, 2012 23:06 ET (03:06 GMT)