Rupiah Inches Higher Ahead of Key U.S. Data
The Indonesian rupiah edged up, hovering near IDR 17,890 per U.S. dollar on Wednesday after trading in a narrow range in recent sessions, with Bank Indonesia continuing to support the currency through spot, domestic non-deliverable forward (DNDF) and offshore NDF interventions. However, the rupiah remained under pressure from a broadly firm U.S. dollar ahead of key U.S. inflation data due later today. The International Monetary Fund (IMF) warned that geopolitical conflicts and energy supply disruptions posed risks to oil-importing economies such as Indonesia. Nevertheless, it raised its 2026 growth forecast for Indonesia to 5.1% from 5.0%, citing measures to support household purchasing power and an expected acceleration in government spending toward year-end. Meanwhile, market volatility persisted ahead of MSCI’s November review of Indonesian equities, while tighter global financing conditions continued to expose the rupiah to shifts in foreign capital flows.
S. dollar on Wednesday after trading in a narrow range in recent sessions, with Bank Indonesia continuing to support the currency through spot, domestic non-deliverable forward (DNDF) and offshore NDF interventions. S. S.
inflation data due later today. The International Monetary Fund (IMF) warned that geopolitical conflicts and energy supply disruptions posed risks to oil-importing economies such as Indonesia. 0%, citing measures to support household purchasing power and an expected acceleration in government spending toward year-end. Meanwhile, market volatility persisted ahead of MSCI’s November review of Indonesian equities, while tighter global financing conditions continued to expose the rupiah to shifts in foreign capital flows.