The Indeks Harga Saham Gabungan (IHSG) at the Indonesia Stock Exchange closed lower on Monday as market participants adopted a wait-and-see approach regarding the future direction of United States Federal Reserve interest rates. The decline in the equity market coincided with a weakening of the rupiah against the U.S. dollar.
During Monday's trading session, the rupiah depreciated by 46 points, or 0.26 percent, to reach a level of Rp18,009 per U.S. dollar. The movement in both the stock and currency markets reflects broader investor caution driven by the potential for interest rate adjustments by the Federal Reserve.
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