Rupiah rebounds 0.19 per cent to Rp18,190 against US dollar

Indonesia’s rupiah ended trading on 13 November 2026 at Rp18,190 per US dollar, gaining 0.19 per cent from Rp18,225, according to Refinitiv data. The recovery followed its weakest closing level on record in the previous session.

After opening at Rp18,225 per US dollar, the currency slipped to Rp18,245 before reversing direction. It reached Rp18,170 during the session before giving up some of those gains. At 15:00 Western Indonesian Time, the US dollar index was down 0.03 per cent at 103.141.

US producer inflation figures for October 2026 were due later on 13 November. Consensus forecasts put annual inflation at 6.6 per cent, compared with September’s 6.3 per cent. The monthly increase was expected to ease to 0.4 per cent from 1.3 per cent.

Domestically, Finance Minister Suahasil Nazara said concerns that MSCI could move Indonesia into its Standalone Market category had weakened demand for government debt and pushed yields higher. At an APBN KiTa press conference on 13 November, he said financial market conditions had been unfavourable.

The 10-year government bond yield reached 7.707 per cent on 28 October 2026, above the state budget assumption of 6.9 per cent. Demand for government debt nevertheless began recovering from late October. Finance Ministry figures put the rupiah at Rp18,154 per US dollar at October’s end, weaker than both the budget assumption of Rp16,500 and the government’s outlook of Rp17,500.