The Indonesian rupiah held around 16,700 per dollar on Thursday afternoon, little changed from the prior session, after the central bank kept borrowing costs steady for a second straight meeting amid stable inflation. The move also reflected efforts to stabilize the local currency and attract foreign portfolio inflows amid rising global uncertainty. Fresh data showed Indonesia’s current account swung to a surplus in Q3 2025, its first in 2-1/2 years and the highest since Q3 2022, lifted by a strong non-oil trade surplus. The surplus equaled about 1.1% of GDP. Still, the rupiah remains down roughly 3.8% against the dollar year-to-date, with the central bank noting room for further easing even after 150bps of cuts over the past year. President Prabowo Subianto aims to lift economic growth to 8% during his term, compared to around 5% pre-pandemic. Globally, the US dollar index stood above 100, near a six-month high, as markets weighed the Fed’s policy outlook ahead of key jobs data.