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fxJun 18, 2026, 3:00 AM

Indonesian Rupiah Gains Support Ahead of Bank Indonesia Policy Decision

USD/IDR edged lower in Asian trade on Thursday as the Indonesian Rupiah strengthened ahead of Bank Indonesia's upcoming policy meeting.

USDIDR

The USD/IDR pair opened with a bullish gap but reversed course during the Asian session, slipping into positive territory for the Rupiah and trading around 17,880. The Indonesian Rupiah found support as market participants positioned for Bank Indonesia's (BI) policy decision.

The pair's retreat suggests growing confidence in the Rupiah, with traders weighing the central bank's next move. BI is expected to address inflation and currency stability, which has provided a tailwind for the IDR in early trading.

Source: FXStreet Forex News