Tuesday Afternoon Rupiah Strengthened 0.17 Percent To Rp16,310 Per US Dollar

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah exchange rate was successfully closed higher. On Tuesday, March 31, the rupiah closed up 27 points or 0.17 percent to a level of Rp. 16,310 per US dollar.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said this strengthening was due to positive sentiment on the recovery of China's economy from the corona outbreak.

"But the market is still wary of the increasing spread of the epidemic that is still happening so that the strengthening is not too big," said Ariston to VOI.

This afternoon, the rupiah strengthened along with the majority of currencies in the Asian region. As the Korean won strengthened 0.50 percent, the Philippine peso gained 0.48 percent.

Then the Malaysian ringgit strengthened 0.37 percent, the Indian rupee strengthened 0.22 percent, the Chinese yuan strengthened 0.09 percent.

Meanwhile, the Hong Kong dollar and Singapore dollar gained 0.02 percent and 0.01 percent, respectively.