The currency weakened 10 points to the level of 9,510 per dollar from 9,500 earlier in inter-bank transaction on Tuesday, Indosurya Asset Management analyst Reza Priyambada said.
He said investors still placed their funds in dollar to maintain asset value amid uncertainty in progress made to cope with the European debt crisis.
"The market players are still awaiting announcement of policy to cope with the crisis. Greek was reported asking for relaxation in time for fiscal tightening to be decided in September," he said.
Rupiah, however, still has room for strengthening with strong expectation of monetary relaxation policy by the Federal Reserve, he said.
Meanwhile, Monex Investindo Futures researcher and analyst Ariston Tjendra said expectation of quantitative relaxation could weaken the dollar against other main currencies in the world and lift the share prices.(IGT)
: Masuki
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