Rupiah falls to Rp18,155 per US dollar as rate-rise bets build
US inflation exceeded market expectations in October, while CME FedWatch put the probability of a December rate increase at nearly 91%.
Indonesia’s rupiah extended its losses on 11 November 2026, trading at Rp18,155 per US dollar at 11.34 Western Indonesian Time, according to Refinitiv data. The currency was down 0.61% as expectations grew for a US interest rate increase in December.
The rupiah had started trading at Rp18,095 per US dollar, a decline of 0.28%. By late morning, it had lost another 60 points from that opening level.
The US dollar index, which tracks the currency against six major global currencies, stood at 102.255 at the same time, up 0.03%. That followed a 0.57% gain in the previous trading session.
CNBC Indonesia attributed renewed demand for dollars to stronger-than-expected US inflation. October’s consumer price index rose 0.4% month on month, exceeding the market forecast of 0.3%.
The inflation figures reinforced comments by Federal Reserve Governor Christopher Waller that the central bank needed to raise rates in December. CME FedWatch put the likelihood of an increase at nearly 91%. CNBC Indonesia reported that demand for dollar-denominated assets was limiting scope for emerging-market currencies, including the rupiah, to strengthen.
