Rupiah Is Predicted To Weaken Limited Amid Lack Of Economic Sentiment

JAKARTA - The rupiah exchange rate in trading Wednesday, November 12, 2025 is predicted to weaken against the United States (US) dollar.

To note, citing Bloomberg, on Tuesday, November 11, the rupiah spot exchange closed down 0.24 percent to the level of IDR 16,694 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed down 0.19 percent at a price level of Rp. 16,698 per US dollar.

Doo Financial Futures analyst Lukman Leong considers that with the absence of economic data releases both from within and outside the country, the rupiah exchange rate is expected to move consolidatively with a limited tendency to weaken against the US dollar.

"With the absence of economic data both externally and internally, the rupiah is expected to consolidate with a limited tendency to weaken against the US dollar," he told VOI, Tuesday, November 11.

He explained that market sentiment currently tends to vary on the one hand under pressure from the prospect of cutting Bank Indonesia (BI) interest rates, but on the other hand, it is supported by increased interest in risky assets (risk-on sentiment).

"The various sentiment is depressed by the prospect of cutting the BI interest rate, but the current risk on sentiment is supportive," he said.

Likewise, money market observer Ibrahim Assuaibi said the United States Senate had approved the Draft Law (RUU) which aims to reopen government funding and end the long-lasting closure of government.

"The bill will now be brought to the House of Representatives for consideration, where the majority of Republicans hint that they will pass the bill as soon as Wednesday, after which it will be sent to President Donald Trump to be signed into law," he said in a statement quoted Wednesday, November 12.

Ibrahim added that this bill is expected to end the closure of the longest-serving government in US history, which has entered its 41st day.

According to him, with the end of the closure, the US government will re-release official economic data, which can provide new directions and signals for markets related to the world's largest economic condition.

Furthermore, Ibrahim said, the market continues to adjust its expectations to the potential decline in US interest rates in December, amid rising economic uncertainty that may be of concern to The Federal Reserve (The Fed).

"The central bank has also underestimated expectations of lower interest rates in December in its October meeting," he said.

Ibrahim memperkirakan rupiah akan bergerak fluktuatif namun ditutup melemah pada perdagangan Rabu, 12 November 2025 dalam rentang harga Rp16.690-Rp16.730 per dolar AS.

Sementara itu, Lukman memproyeksikan pergerakan rupiah, bergerak dalam kisaran Rp16.650 per dolar AS hingga Rp16.750 per dolar AS.

Ibrahim estimates that the rupiah will fluctuate but close lower in trading on Wednesday, November 12, 2025, in the price range of IDR 16,690-IDR 16,730 per US dollar.

Meanwhile, Lukman projects that the movement of the rupiah will move in the range of Rp. 16,650 per US dollar to Rp. 16,750 per US dollar.