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The Indonesian rupiah traded around IDR 18,130 per US dollar on Wednesday, staying near that level since last week and struggling to move toward 18,000 even as the US dollar index hit a five-week low. Finance Minister Suahasil Nazara cut the 2026 growth forecast to 5.4%-5.5% ahead of Q3 GDP data due Thursday, with growth expected to slow from 5.29% in Q2.
Higher oil prices, rising imports and volatile export revenues are widening Indonesia's fiscal and external pressures, keeping the rupiah weak. Bank Indonesia's reliance on NDF intervention signals it is defending the currency without drawing down spot reserves as aggressively, which matters for the cost of imported feed inputs priced in dollars.
id.tradingeconomics.comFarida HusnaNov 4, 2026
fx.coNov 4, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
