Rupiah Opens Flat at Rp 15,645/US$ (Wednesday, April 15)
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The Indonesian Rupiah opened flat at Rp 15,645/US$ on Wednesday (April 15th). Permata Bank economist Josua Pardede believes the Rupiah has the potential to strengthen following Bank Indonesia's (BI) additional liquidity injection. The Rupiah is expected to move in the range of Rp 15,500-15,700/US$.
Citing Bloomberg, the majority of Asian currencies strengthened. Besides the Rupiah, only the Chinese Yuan (-0.04%), Singapore Dollar (-0.02%), and Hong Kong Dollar (-0.01%) weakened. Meanwhile, some currencies that strengthened include the South Korean Won (+0.25%), Taiwan Dollar (+0.23%), and Japanese Yen (+0.15%).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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