Ahead of Bank Indonesia's Board of Governor's meeting, the rupiah exchange rate continued to depreciate against the US dollar. Market participants are waiting for news about the country's benchmark interest rate (BI rate). Speculation emerged that the BI rate will be raised at the meeting. The meeting is scheduled to take place on Thursday (12/12). Moreover, investors are worried about a sooner-than-expected end of the Federal Reserve's quantitative easing program. Next week, the FOMC meeting will be held that is expected to povide more information about the future of the program.

| Source: Bank Indonesia