Rupiah hits record low at Rp18.204 per U.S. dollar
The rupiah has fallen more than 8 percent in 2026, the worst in Asia, as a strong dollar and MSCI-related outflow risks weigh on it.
The rupiah fell to a new record low on Thursday, Nov. 12, touching Rp18.204 per U.S. dollar and surpassing its previous weakest level in early June. Pressure came from a stronger U.S. dollar after markets again priced in a Federal Reserve rate increase next month, as well as concern over MSCI's proposal to reclassify Indonesia's stock market as a standalone market. Bloomberg reported the move could trigger about US$5,6 billion in passive outflows. So far in 2026, the rupiah has weakened more than 8 percent against the U.S. dollar, making it Asia's worst-performing currency. In the domestic market, the yield on the 10-year government bond held at 7,62 percent, while Bank Indonesia said it continued to monitor market developments and capital flows.