Global Pressure and BI Interest Rates Slow Down the Rupiah

JAKARTA - The rupiah exchange rate on Thursday, April 23, 2026 is expected to weaken against the US dollar.

To note, quoting Bloomberg, on Wednesday, April 22, the spot rupiah exchange rate closed down 0.22 percent to Rp17,181 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.21 percent to the price level of Rp17,179 per US dollar.

Doo Financial Futures analyst Lukman Leong said that the rupiah exchange rate is expected to weaken again against the US dollar which is strengthening amid the escalation of conflicts and peace uncertainties in the Middle East.

"The rupiah is expected to weaken again against the US dollar which strengthened amid the escalation and uncertainty of peace in the timteng," he told VOI, Thursday, April 23.

However, he added, the increase in crude oil prices and the Bank Indonesia's decision to maintain interest rates also put pressure on the rupiah.

"The price of crude oil which has risen again and the BI's decision to maintain interest rates also burdens the rupiah," he said.

Lukman estimates that the movement of the rupiah on Thursday, April 23, 2026 will be in the range of Rp17,150-Rp17,250 per US dollar.