Rupiah Recovers but Heads for Weekly Losses

2026-11-13 04:51 By Farida Husna 1 min. read

The Indonesian rupiah appreciated, trading near IDR 18,200 per U.S.

dollar on Friday after recent losses brought it closer to its record low of IDR 18,279.

Sentiment improved after a Bank Indonesia official said the central bank would remain active in the market to support currency stability and ensure the rupiah reflects its fundamentals ahead of next week's policy meeting.

Government officials also reassured investors that economic activity remained normal despite Vice President Gibran Rakabuming's resignation this week.

However, the rupiah is on track to lose around 1.1% for the week, reversing prior gains.

Pressure stemmed partly from expected fund outflows of around IDR 1.2 trillion ahead of the Nov. 30 implementation of MSCI's latest review, which removed two Indonesian constituents while retaining seven others.

Globally, the dollar held near a 19-month high, lifted by hotter-than-expected U.S.

inflation and hawkish Fed remarks that reinforced views of tighter monetary policy.



News Stream
Rupiah Recovers but Heads for Weekly Losses
The Indonesian rupiah appreciated, trading near IDR 18,200 per U.S. dollar on Friday after recent losses brought it closer to its record low of IDR 18,279. Sentiment improved after a Bank Indonesia official said the central bank would remain active in the market to support currency stability and ensure the rupiah reflects its fundamentals ahead of next week's policy meeting. Government officials also reassured investors that economic activity remained normal despite Vice President Gibran Rakabuming's resignation this week. However, the rupiah is on track to lose around 1.1% for the week, reversing prior gains. Pressure stemmed partly from expected fund outflows of around IDR 1.2 trillion ahead of the Nov. 30 implementation of MSCI's latest review, which removed two Indonesian constituents while retaining seven others. Globally, the dollar held near a 19-month high, lifted by hotter-than-expected U.S. inflation and hawkish Fed remarks that reinforced views of tighter monetary policy.
2026-11-13
Rupiah Nears Record Low
The Indonesian rupiah hovered near IDR 18,250 per U.S. dollar on Thursday, approaching its record low of IDR 18,279 as losses extended into a second session. The currency remained under pressure from a stronger U.S. dollar, which hit its highest level since April 2025, following hot October inflation. Locally, traders monitored political turmoil after Vice President Gibran Rakabuming submitted his resignation following a Supreme Court ruling on his high-school diploma, prompting calls for parliamentary impeachment. The developments heightened worries over government cohesion and fiscal discipline. Foreign outflow risks also mounted ahead of MSCI’s November review of Indonesia’s stock market. Bank Indonesia continued intervening in currency markets to support the rupiah ahead of next week’s policy meeting. However, concerns persisted over the trade-off between currency stability and growth after the central bank held interest rates steady for a fourth consecutive month in October.
2026-11-12
Rupiah Weakens as Dollar Firms and Political Risks Mount
The Indonesian rupiah slipped past IDR 18,150 per U.S. dollar on Wednesday, reversing recent gains as a firmer dollar weighed on sentiment following hotter-than-expected U.S. inflation that fueled bets on further Fed rate hikes. The rupiah led regional losses amid mounting political uncertainty after Vice President Gibran Rakabuming reportedly offered to resign amid legal challenges over the validity of his education documents. Concerns over foreign outflows also resurfaced ahead of MSCI's November review of Indonesia's stock market. Meanwhile, recent retail sales data pointed to cooling consumer spending despite robust Q3 GDP growth. Bank Indonesia continued intervening to support the currency, but concerns grew over a policy dilemma between defending the rupiah and sustaining economic growth. The central bank will hold its November policy meeting next week after maintaining its key rate for a fourth straight month in October, following cumulative hikes of 100bps in May and June.
2026-11-11