Indonesia rupiah falls after election margin disappoints opposition

SINGAPORE: The Indonesian rupiah fell on Thursday, a day after the main opposition party failed to win enough votes in parliamentary elections to nominate hugely popular Jakarta governor Joko Widodo for the presidency without the help of other parties.

The rupiah fell 0.4 percent to 11,3335 per dollar at 0107 GMT.

The rupiah has risen partially due to hopes that a dominant victory by the Indonesian Democratic Party-Struggle (PDI-P) and the Jakarta governor, widely known as Jokowi, would attract more foreign funds, analysts and traders have said.