November 28, 2025 | 10:33 pm
TEMPO.CO, Jakarta - The rupiah exchange rate this afternoon closed weaker by 90 points at Rp16,675 per US Dollar. In the previous trading session, the rupiah was also under pressure, weakening by 45 points to the level of Rp16,636 per US Dollar.
The director of PT Traze Andalan Futures, Ibrahim Assuaibi, stated that the rupiah is likely to weaken in the trading session next Monday. "In next Monday's trading session, the rupiah currency will fluctuate, but close weaker in the range of Rp16,670 to Rp16,710," he said in a written statement on Friday, November 28, 2025.
This depreciation of the rupiah, Ibrahim said, is influenced by internal and external factors. Domestically, Finance Minister Purbaya Yudhi Sadewa claimed that the government's policy to transfer funds from Bank Indonesia (BI) to the Association of State-Owned Banks (Himbara) members will boost economic growth by around 0.2 percent in the fourth quarter of 2025.
At the beginning of September, Purbaya distributed state budget funds held at BI to five state-owned banks, amounting to a total of Rp200 trillion. Purbaya also added liquidity of Rp76 trillion. "So the total injection reached Rp 276 trillion."
With this, he is optimistic that economic growth throughout October, November, and December this year will be able to reach 5.6-5.7 percent. Ibrahim stated that this growth will also be driven by government stimulus packages such as discounted transportation fares during the Christmas and New Year holiday periods in 2026, and added direct cash assistance (BLT).
External factors, Ibrahim said, are influenced by several delayed US economic data releases, thus showing a diverse picture of the health of the US economy.
However, despite the diverse economic signals, traders remain confident that The Fed will ease its monetary policy at its meeting in December. "With the market estimating a probability of around 85 percent for a 25 basis point interest rate cut, according to the CME FedWatch Tool," he said.
In addition, the US-led push for peace in Ukraine has become the focus of Washington, which has worked with Kyiv to revise the framework for ending the conflict that has been going on for almost four years.
This proposal, Ibrahim said, was discussed in Geneva in recent days. "Designed to establish a path for gradual security guarantees and territorial arrangements expected by Western officials to eventually provide the basis for broader negotiations with Moscow."
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