IDR Market Update
13 May 2026 • 00:34 GMT
The Indonesian rupiah (IDR) has weakened further against the US dollar, trading near 90-day lows around IDR 17,556, which is 3% above its three-month average. This marks a notable depreciation amid global uncertainties and cautious local economic signals. The IDR fell close to recent lows seen earlier this year, influenced by cautious sentiment following Indonesia's steady policy stance and rising inflation figures.
Although Bank Indonesia paused rate cuts and maintained its benchmark at 4.75%, inflation near 4.76% has prompted concerns about inflation resilience. The central bank has been actively intervening in markets to support the rupiah, but its efforts have yet to fully reverse the downward trend amid external risks and global safe-haven flows.
The IDR's decline against the USD is part of a broader trend where it also trades at 90-day lows against other currencies, including the euro and yen. Despite this, the currency remains within relatively stable trading ranges, indicating cautious market positioning as Indonesia balances domestic policy with external pressures. Investors will be watching for any further policy adjustments or economic data that could influence the IDR's course in the coming weeks.