Exchange rate rupee closed at the level of Rp. 15,318 for dollar AS Monday (10/10). The Garuda currency weakened 67 points or less, 0.44 percent from previous trade.
Quoting Trading View, the rupee exchange rate was the weakest since April 20, 2020. At that time, the rupee was perched at Rp 15,550. per US dollar.
Meanwhile, the Bank Indonesia (BI) Jakarta Interbank Spot Dollar Rate (Jisdor) benchmark rate brought the rupee to Rp 15,299 per US dollar in trading this afternoon.
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Most of the currencies in the Asian region have been observed to move in the red zone. The South Korean won weakened by 0.99 percent, the Singapore dollar by less than 0.34 percent, the Philippine peso by less than 0.12 percent.
Hence, the Japanese yen weakened by 0.17% and the Chinese yuan by less than 0.42%. Meanwhile, the Hong Kong dollar and the Malaysian ringgit remained stagnant.
Currencies of developed countries also weakened. The British pound weakened by 0.35 percent, the European euro by less than 0.54 percent, the Australian dollar by less than 1.18 percent and the Canadian dollar by less than 0.15 percent.
DCFX Futures analyst Lukman Leong said the rupee was put under pressure by the strengthening of the US dollar and the risk-away sentiment that led to the release of risky assets and currencies.
“The rupee has weakened, driven by the strengthening of the US dollar and the risk-away sentiment that has led to sell-offs of risky assets and currencies,” he said. CNNIndonesia.com.
In addition, the Indonesian Consumer Confidence Index, which fell well below market expectations, also added to the pressure on the rupee.
BI noted that the Consumer Confidence Index (IKK) towards the Indonesian economy fell from 124.7 to 117.2 in September 2022.
(sig / sr)
