The Rupiah fell to IDR 14,842 per US Dollar when BI held interest rates

Jakarta, Armfalcon.com —

Exchange rate rupiah closed at the level of IDR 14,842 per US dollar on Tuesday (18/4). Garuda’s currency weakened 48.5 points or minus 0.33 percent from the previous trade.

Meanwhile, the Bank Indonesia (BI) Jakarta Interbank Spot Dollar Rate (Jisdor) reference rate put the rupiah at IDR 14,855 per US dollar in trading this afternoon.

The majority of Asian currencies also closed compactly in the red zone. The Hong Kong dollar slumped 0.01 percent, the Indian rupee minus 0.05 percent, the Malaysian ringgit fell 0.28 percent, the Philippine peso fell 0.51 percent and the South Korean won lost 0.55 percent.

Only the Chinese yuan rose 0.07 percent, the Singapore dollar added 0.12 percent, the Japanese yen grew 0.23 percent and the Thai baht soared 0.57 percent.

Meanwhile, the currencies of developed countries compactly strengthened. The British pound rose 0.47 percent, the European euro added 0.44 percent, the Swiss franc grew 0.26 percent, the Canadian dollar strengthened 0.20 percent and the Australian dollar soared 0.56 percent.

DCFX Senior Analyst Lukman Leong said the rupiah weakened as predicted against the US dollar which strengthened against almost all Asian currencies. However, today’s US dollar corrected from the previous session’s strengthening against major world currencies.

“The rupiah reversed some of the weakness (rebound) in the afternoon session after the BI governor’s meeting as expected to make a hawkish statement about the Indonesian economy,” he told Armfalcon.com.com.

[Gambas:Video CNN]

(skt/dzu)