The rupiah traded among banks in Jakarta on Thursday morning depreciated by eight basis points to Rp 11,712 per US dollar. “It is possible the rupiah will continue to weaken throughout the day as market players await the Constitutional Court ruling regarding the 2014 presidential election dispute,” Trust Securities research head Reza Priyambada said in Jakarta on Thursday as quoted by Antara news agency. He said the rupiah would drop if the verdict was not in the favor of the market players. But, the domestic currency would return to a stable level if the verdict was in line with …read more
Source: The Jakarta Post
