Rupiah Closed Weekend, Gaining 0.39 Percent To Rp16,430 Per US Dollar

JAKARTA - The rupiah exchange rate closed slightly higher at the close of trading weekend, Friday 3 April. The rupiah strengthened 0.39 percent or 65 points to Rp16,430 per US dollar.

Yesterday, the Governor of Bank Indonesia (BI) Perry revealed that the inflow of funds from the auction of debt securities would bring the movement of the rupiah to a level of IDR 15,000 at the end of the year.

Perry revealed that capital inflow or inflow of funds from the auction of Government Securities (SBN) and State Sharia Securities (SBSN), as well as additional foreign exchange supply, will strengthen exchange rate stability.

"The rupiah is not only stable and strong," said Perry.

This afternoon, the rupiah strengthened along with a number of other Asian currencies. Starting from the Philippine peso, Malaysian ringgit to Thai baht.

The Indian rupee became the most powerful, strengthening 0.41 percent against the USD.

On the other hand, a number of other Asian currencies fell in front of the US dollar. These include the Japanese yen, Hong Kong dollar, Singapore dollar, Taiwan dollar and South Korean won.