Rupiah posts second daily gain as US dollar weakens

Refinitiv data showed Indonesia’s rupiah ended trading on 10 November 2026 at Rp18,045 per US dollar, up 0.14%. It was the currency’s second consecutive daily advance, following a closing level of Rp18,070 on 9 November.

After opening at Rp18,075 per US dollar, the rupiah strengthened as far as Rp18,030 before giving up some gains. At 15:00 Western Indonesian Time, the dollar index stood at 101.545, down 0.11% against a basket of six major currencies. That followed a decline of about 0.63% on 9 November.

Investors were awaiting October US inflation figures, scheduled for 20:30 Western Indonesian Time on 10 November. An economists’ consensus cited by Reuters put annual inflation at 3.9%, with core inflation forecast at 2.8%.

Reuters also reported that markets assigned about an 85% probability to a Federal Reserve rate increase in December after US employment data exceeded expectations. Westpac strategist Imre Speizer said a December increase was already largely reflected in market pricing, but rate expectations for later meetings could move higher.

Domestically, Bank Indonesia said September retail sales grew 0.6% year on year, compared with 1.3% in August. Monthly sales declined 3.1% after an increase of 0.8%. The central bank attributed the fall to demand normalising after Independence Day celebrations and projected annual sales growth of 1.0% for October.

Consumer price expectations rose, with the General Price Expectations Index reaching 165.0 for December 2026 and 180.2 for March 2027. The corresponding readings in the previous period were 149.9 and 177.9.