The currency in inter-bank transactions, traded at the level of 11,419 per dollar losing 33 points from 11,386 earlier.
"Bank Indonesia (BI) revised growth of the country gross domestic product (GDP) this year causing pressure on rupiah," chief researcher of Trust Securities Reza Priyambada said.
Reza said revised the GDP target for 2014 from 5.8-6.2 percent to 5.5-5.9 percent.
He said investors were also worried about the impact of Russian military occupation of Ukraines Crimea. In addition, Chinese economic data also fell below expectation.
"The condition pushed up demand for the dollar value as a haven currency," he said.
However, Indonesian economy is still expected to remain stable and could ward off further fall of rupiah as foreign capital is still flowing in to the country with global economy still struggling for recovery .
He said the decision of Bank Indonesia to maintain its benchmark interest rate at the level of 7.5 percent is seen as positive by investors .
"The market believes the Indonesian economy is still on rise with continued credit expansion," he added.(*)
Editor: Heru Purwanto
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