Rupiah traded among banks in Jakarta on Monday afternoon depreciated by 10 basis points to Rp 11,687 per US dollar, down from the previous Rp 11,677 per dollar. Monex Investindo Futures head of research Ariston Tjendra said the lack of new economic data in the country had put pressure on the domestic currency, forcing investors to keep their assets in US dollars.He also said market players were waiting for the result of the presidential election dispute at the Constitutional Court. “We can predict the result of the court, but market players are waiting for the official announcement this week. …read more
Source: The Jakarta Post
