Citibank: There is a risk of further depreciation of the Indonesian Rupiah.

Citigroup has stated that the Indonesian rupiah faces further depreciation risks as import growth accelerates ahead of Ramadan, seasonal dividend repatriation increases, and fiscal concerns persist. Strategists Rohit Garg and Gordon Goh wrote in a report that Citigroup had previously expected the USD/IDR exchange rate to rise to 17200 in the next six to twelve months, "however, we now believe that the risk of the exchange rate surpassing this level has significantly increased."