The rupiah traded among banks in Jakarta on Tuesday morning moved lower by 25 points to Rp12.242 than before Rp12.217 per U.S. dollar .
" The rate of the rupiah is still showing weakness after a basket of currencies of developing countries affected by the re- experiencing a correction after a massive sell-off , " said the Head of Research of the Trust Securities , Reza Priyambada on Tuesday .
He argues that selling the exchange rate following the imminent meeting of the Federal Open Market Committee ( FOMC ) to discuss the possibility of a reduction in stimulus ( tappering off ) .
On the other hand , he added , demand for safe-haven currencies such as the U.S. dollar rose following a slowdown in Chinese manufacturing .
" If the sentiment in the market as it is today , the U.S. dollar will tend to increase the risk currencies , including dollars , " he said .
From within the country , Reza said , in January 2014 inflation forecast to be higher than the previous month following a widespread natural disaster will encourage market participants shift their assets to safer place .
" Inflation is one indicator of the views of financial actors , conditions that also affect the attenuation rate of the rupiah , " he said .
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