Rupiah Dips But Heads for Sixth Straight Weekly Gain

2026-09-11 04:50 By Farida Husna 1 min. read

The Indonesian rupiah weakened past IDR 17,600 per U.S.

dollar on Friday, falling for a second straight session as the U.S.

dollar index held gains ahead of the latest U.S.

consumer price index report later today.

Locally, worries over fiscal conditions persisted as global oil prices remained above USD 100 per barrel, raising pressure on Indonesia’s budget position given its status as a net oil importer.

Domestic price pressures also remained a concern even as authorities stepped up measures to curb food-price volatility after annual inflation accelerated to 3.19% in August.

Still, the rupiah is on track for a sixth straight weekly rise, up around 0.1% so far, supported by an improved external position as foreign exchange reserves rose to a five-month high in August.

Meanwhile, new Bank Indonesia Governor Destry Damayanti said policy stability would be her focus, with monetary, macroprudential and payment-system policies forming the main pillars of the central bank’s policy framework.



News Stream
Rupiah Dips But Heads for Sixth Straight Weekly Gain
The Indonesian rupiah weakened past IDR 17,600 per U.S. dollar on Friday, falling for a second straight session as the U.S. dollar index held gains ahead of the latest U.S. consumer price index report later today. Locally, worries over fiscal conditions persisted as global oil prices remained above USD 100 per barrel, raising pressure on Indonesia’s budget position given its status as a net oil importer. Domestic price pressures also remained a concern even as authorities stepped up measures to curb food-price volatility after annual inflation accelerated to 3.19% in August. Still, the rupiah is on track for a sixth straight weekly rise, up around 0.1% so far, supported by an improved external position as foreign exchange reserves rose to a five-month high in August. Meanwhile, new Bank Indonesia Governor Destry Damayanti said policy stability would be her focus, with monetary, macroprudential and payment-system policies forming the main pillars of the central bank’s policy framework.
2026-09-11
Rupiah Maintains Uptrend Despite Oil Price Risks
The Indonesian rupiah hovered around IDR 17,530 per U.S. dollar on Thursday, after briefly strengthening below IDR 17,450 in the previous session. Concerns over oil prices above USD 100 per barrel weighed on sentiment, as Indonesia is a net oil importer, potentially straining fiscal conditions. Still, the currency remained supported by an improving outlook, with its upward momentum over the past week following Destry Damayanti’s appointment as the new Bank Indonesia governor. The external position also provided some support, with foreign exchange reserves rising to a five-month high in August, reinforcing expectations of ample buffers in the coming months. Meanwhile, domestic fundamentals strengthened, with retail sales rising for the first time in four months in July. Authorities also ramped up measures to curb food-price volatility after annual inflation accelerated to 3.19% in August. Globally, the dollar index steadied ahead of key U.S. inflation data.
2026-09-10
Rupiah Strengthens Further Despite Oil Price Risks
The Indonesian rupiah firmed below IDR 17,600 per U.S. dollar on Wednesday, extending its recent gains amid optimism over Indonesia’s external position. Forex reserves rose to a five-month high in August, supported by government external-loan withdrawals, reinforcing expectations that buffers will remain ample in the coming months. Domestic sentiment also improved, with consumer sentiment hitting a three-month high in August on stronger household finances and brighter economic outlooks. Meanwhile, authorities intensified market interventions to curb food price volatility after annual inflation quickened to 3.19% in August. However, strength was capped by concerns over oil prices near USD 100 per barrel straining the state budget. Meanwhile, traders cautiously awaited July retail sales data following a third monthly decline in June. Globally, the dollar index steadied after recent losses as elevated oil prices rekindled inflation worries and tempered bets for aggressive Fed easing.
2026-09-09