KONTAN.CO.ID - JAKARTA. The Indonesian rupiah's depreciation narrowed in the final trading of April 2024. After weakening to Rp 16,281 per US dollar, the spot rupiah exchange rate closed at Rp 16,259 per US dollar on Tuesday (30/4). The spot rupiah exchange rate slightly weakened by 0.02% from yesterday's closing at Rp 16,255 per US dollar. The rupiah depreciated by 2.53% throughout April from Rp 15,857 per US dollar at the end of March 2024. As the potential for rupiah depreciation subsides, the USD/IDR currency pair is likely to be held back at a resistance of Rp 16,340 per US dollar. The Federal Reserve is expected to hold interest rates at the end of this month, and the labor market is still expected to remain strong.
Closed at Rp 16,259 Per US Dollar Today, Rupiah Weakens 2.53% Throughout April
KONTAN.CO.ID - JAKARTA. The Indonesian rupiah's depreciation narrowed in the final trading of April 2024. After weakening to Rp 16,281 per US dollar, the spot rupiah exchange rate closed at Rp 16,259 per US dollar on Tuesday (30/4). The spot rupiah exchange rate slightly weakened by 0.02% from yesterday's closing at Rp 16,255 per US dollar. The rupiah depreciated by 2.53% throughout April from Rp 15,857 per US dollar at the end of March 2024. As the potential for rupiah depreciation subsides, the USD/IDR currency pair is likely to be held back at a resistance of Rp 16,340 per US dollar. The Federal Reserve is expected to hold interest rates at the end of this month, and the labor market is still expected to remain strong.