The Indonesian rupiah dipped toward IDR 16,750 per dollar on Friday, extending losses for a third session and hovering near its lowest level in a month. Pressure stemmed from the central bank’s dovish stance despite total rate cuts of 150bps between September 2024 and September 2025. Earlier this week, the board kept the key rate at 4.75% for a third meeting but signaled scope for further easing, citing mild inflation and the need to support growth after a major disaster in Sumatra. The rupiah has been one of Asia’s weakest currencies so far this year, down about 4% against the dollar. To stabilize the market, the government mandated natural resource exporters retain all FX earnings in state-owned banks for at least a year starting January 1, with conversion capped at 50%. The rule has drawn pushback from some groups over liquidity concerns, as current regulations allow deposits in any domestic bank. Globally, the U.S. dollar index held near 98.4, likely ending the week little changed.