USD/IDR seen at 15,600 on a three-month view – MUFG

IDR weakened against the USD in September. Economists at MUFG Bank analyze Rupiah’s outlook.

IDR may be somewhat vulnerable in the near term should US rates rise further

We raise our USD/IDR forecast to 15,600 in three months and 15,200 in 12 months.

We think the Rupiah may be somewhat vulnerable in the near term should US rates rise further, but Bank Indonesia should take further regulations to encourage FX flows if that happens.

See: USD/INR seen at 83.70 on three-month view – MUFG