The Indonesian rupiah was little changed on Tuesday, hovering near 16,620 per dollar as traders awaited November forex reserve data due later this week. October readings had inched up but stayed close to a 14-month low, highlighting ongoing pressure from capital outflows and higher import payments. On key figures, November headline and core inflation stayed within the central bank’s 2.5% ±1% target band, pointing to steady demand and mild price pressures. Indonesia also posted its 66th straight monthly trade surplus in October, though it narrowed to a six-month low as exports fell more sharply than imports. Bank Indonesia aims to guide the rupiah toward 16,500 per dollar next year, or even 16,400, while reiterating that there is still room for further rate cuts after a total of 150bps of easing over the past year. On the global front, the dollar index hovered around 99.4 after hitting a two-week low, pressured by rising bets of a Fed rate cut following weak U.S. manufacturing data.