The Indonesian rupiah slipped toward IDR 17,750 per U.S. dollar on Thursday, extending its losing streak to six sessions as the dollar index climbed to a seven-week high after the U.S. Fed raised rates for the first time in three years and signaled it might tighten further this year to curb sticky inflation. Locally, attention turned to Bank Indonesia’s policy meeting next week, with policymakers having kept the key rate unchanged at 5.75% for a second straight month in August, following cumulative tightening of 100bp since May. Inflation risks from higher oil prices and potential El Niño effects are complicating the policy outlook, as the central bank seeks to preserve an adequate interest-rate differential while supporting rupiah stability and economic growth. Meanwhile, fiscal pressures may persist as elevated global yields and cautious investor sentiment weigh on Indonesian assets. So far this week, the rupiah has dipped around 0.8%, reversing gains in the previous six weeks.