Most emerging Asian currencies eased on Thursday as a sharp fall in Chinese equities over the previous session deepened fears of a slump in the world's second-largest economy.
Indonesia's rupiah resisted the regional trend, jumping 1.6 per cent as share-buying inflows broke a four-day losing streak.
The rupiah was helped by the finance minister saying Indonesia will hold its 2015 budget deficit estimate below 2.5 per cent despite an expected shortfall in tax revenue.
The South Korean won led losses among emerging Asian currencies as local stocks underperformed regional peers. The Malaysian ringgit slumped as low crude oil prices increased worries about falling oil and gas revenues.
The rupiah advanced to 13,500 per dollar with foreign investors active net buyers of Indonesian stocks for three consecutive sessions.
Foreigners bought a combined net 689.6 billion rupiah ($50.9 million) worth of shares from Monday to Wednesday, according to Thomson Reuters data. The rupiah was helped by the finance minister saying Indonesia will hold its 2015 budget deficit estimate below 2.5 per cent despite an expected shortfall in tax revenue.
The South Korean won led losses among emerging Asian currencies as local stocks underperformed regional peers. The Malaysian ringgit slumped as low crude oil prices increased worries about falling oil and gas revenues.
The rupiah advanced to 13,500 per dollar with foreign investors active net buyers of Indonesian stocks for three consecutive sessions.
The rupiah found more support from its strength in non-deliverable forwards markets.
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