Rupiah opens weaker at Rp18,180 per US dollar
MSCI removed two Indonesian stocks from its Global Standard Indexes in its November review, with the changes taking effect on 1 December 2026.
Indonesia’s rupiah extended its losses against the US dollar on 12 November 2026, opening at Rp18,180 per US dollar, according to Refinitiv data. The currency fell 0.22%, or 40 points, from its 11 November closing level of Rp18,140.
The US dollar index, which tracks the currency against six major peers, slipped 0.04% to 102.865 at 09:00 Western Indonesia Time. That followed a rise of around 0.66% on 11 November, when the index reached its highest level since April 2025.
Reuters reported that financial institutions including Goldman Sachs now expect the Federal Reserve to raise interest rates again in early 2027. Those expectations followed higher-than-forecast US inflation for October and comments from Fed officials favouring continued tight monetary policy.
In Indonesia, MSCI’s November 2026 review removed PT Barito Pacific Tbk (BRPT) and PT Bumi Resources Minerals Tbk (BRMS) from its Global Standard Indexes. The review, announced early on 12 November, added no Indonesian constituents to that category.
BRMS was moved into the Small Cap category. Seven other stocks—AVIA, CTRA, MTEL, EMTK, JSMR, RAJA and WIFI—were dropped from the MSCI Small Cap Indexes. The index changes take effect on 1 December 2026.
