Jakarta (ANTARA News) - The rupiah value fell again against the US dollar on market expectation the US central bank would reduce its monetary stimulus soon.

Rupiah traded at 11,451 per dollar in interbank transaction or a loss of 76 points from last weekend close of 11,375.

Chief researcher of Monex Investindo Futures, Ariston Tjendra, said rupiah tended to weaken ahead of the announcement by the Fed leader.

"The US dollar is on the rise over the majority of the global currencies including rupiah on market expectation that the Fed would reduce its bond buying program soon amid signs of US economic revival," Ariston said.

A growth of 204,000 new jobs last month indicated that the impact of partial government shutdown last month is no longer significant, he said.

However, PT Platon Niaga Berjangkas analyst Lukman Leong said the rupiah weakening should cause no much concern as the volatility is still under control.

"They key lies in inflation . Increase in inflation would put more pressure on rupiah," Lukman said.

(H-ASG/H-YH)

Editor: Jafar M Sidik
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