The Indonesian rupiah edged up, hovering near IDR 17,890 per U.S. dollar on Wednesday after trading in a narrow range in recent sessions, with Bank Indonesia continuing to support the currency through spot, domestic non-deliverable forward (DNDF) and offshore NDF interventions. However, the rupiah remained under pressure from a broadly firm U.S. dollar ahead of key U.S. inflation data due later today. The International Monetary Fund (IMF) warned that geopolitical conflicts and energy supply disruptions posed risks to oil-importing economies such as Indonesia. Nevertheless, it raised its 2026 growth forecast for Indonesia to 5.1% from 5.0%, citing measures to support household purchasing power and an expected acceleration in government spending toward year-end. Meanwhile, market volatility persisted ahead of MSCI’s November review of Indonesian equities, while tighter global financing conditions continued to expose the rupiah to shifts in foreign capital flows.