Rupiah Depreciation Hits Market Early Week. The rupiah exchange rate weakened to the level of IDR 14,447/USD, before finally closing at the level of IDR 14,438/USD. In addition, market participants are also waiting for the release of data on Foreign Exchange Reserves (Cadev) for the period of November, which will be released today. For the record, October Cadev worth USD 145.5 billion or 0.9% lower than the previous month. From the external side, market participants will continue to anticipate the impact of the Fed’s plan to accelerate the tapering policy.

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