Rupiah is Expected to Weaken, Rising Oil Prices Trigger Risk-Off Sentiment

JAKARTA - The rupiah exchange rate in Monday, March 9, 2026 trading is expected to weaken against the US dollar.

To note, quoting Bloomberg, on Friday, March 6, the spot rupiah exchange rate closed down 0.12 percent to Rp16,925 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.20 percent to the price level of Rp16,919 per US dollar.

Doo Financial Futures analyst Lukman Leong said the rupiah exchange rate is expected to weaken against the US dollar.

He added that this weakening was triggered by the worsening risk-off sentiment in the market, which occurred after crude oil prices jumped to exceed 100 US dollars per barrel.

"The rupiah is expected to weaken against the US dollar by the worsening risk-off sentiment triggered by the rise in crude oil prices above 100 US dollars per barrel," he told VOI, Monday, March 9.

In addition, Lukman added that the increase raised concerns about its impact on the global economy and the potential for increased inflation.

Lukman estimates that the movement of the rupiah on Monday, March 9, 2026 will be in the range of Rp16,850-Rp17,000 per US dollar.