Rupiah projected to move between Rp 17,750-Rp 17,850 per US Dollar

The Indonesian Rupiah experienced a minor dip, trading at Rp 17,869 against the US Dollar on Wednesday, August 12, 2026, a 0.04 percent decrease from the previous day's closing. This movement occurs amidst a complex global and domestic economic landscape.

Lukman Leong, a currency analyst at Doo Financial Futures, anticipates the Rupiah will remain consolidated. He points to ongoing geopolitical developments in the Middle East, which are sending mixed signals, as a key influencing factor. Reports from Pakistan suggest progress toward a peace agreement between Iran and the United States, though tensions persist, particularly concerning the Strait of Hormuz. These developments continue to impact global trade and economies.

Investors are also adopting a cautious stance ahead of the release of US inflation data. Both headline and core inflation are expected to decline, with year-on-year inflation potentially dropping from 2.6 percent to 2.5 percent, and core inflation from 3.5 percent to 3.4 percent. Domestically, anticipation surrounds the Morgan Stanley Capital International (MSCI) announcement, though it is not expected to include new stock additions.

Considering these factors, the Rupiah is projected to trade within a narrow range of Rp 17,750 to Rp 17,850 against the US Dollar. The currency's performance reflects a delicate balance between international geopolitical shifts, anticipated economic indicators, and domestic market expectations.