The Indonesian rupiah was little changed on Friday, steadying around 16,660 per dollar after central bank data showed forex reserves rose for a second straight month in November to the highest level since August. The increase came despite ongoing intervention to stabilize the currency amid heightened financial market uncertainty heading into year-end. Traders also awaited key domestic releases next week, including November consumer sentiment and October retail sales. Earlier this week, Governor Perry Warjiyo said Bank Indonesia aims to guide the rupiah toward 16,500 per dollar next year, or potentially 16,400, while signaling there is still room for further rate cuts after 150bps since September 2024. On the global front, the US dollar index steadied around 99 as markets awaited delayed September PCE data, the Fed’s preferred inflation gauge, ahead of next week’s final FOMC meeting of the year and the scheduled leadership transition at the Federal Reserve in May 2026.