Jakarta (ANTARA News) - The Indonesian currency rupiah lost 17 points against the US dollar in inter bank transaction in Tuesdays closing trade.

Rupiah traded at the level of 11,397 per US dollar in Tuesday closing from 11,380 earlier.

"Investors were wary of the Indonesian economic data to be released next week," Monex Investor Futures analyst Zulfirman Basir said.

He said the government is to release data about the countrys trade balance, inflation and manufacturing index on April 1.

Though weakening rupiah was still relatively stable with lessening worries about an increase in the Fed interest rate, he said.

US manufacturing data being falling short of expectation is expected to restrain the Fed from raising its interest rate, he said.

"Meanwhile, the government and Bank Indonesia said they are ready to face impact of the monetary policy adopted by the Fed," he said

In addition, a statement by a Chinese government official about relaxation of monetary policy to forestall economic slowdown will serve positively to rupiah, he said.

"The news came after a decline in Chinese manufacturing activities was announced," he said. (*)

Editor: Heru Purwanto
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