Rupiah Potentially Strengthens To Level IDR 16,430 Per US Dollar

Illustration: Photo: Doc. ANTARA

JAKARTA - The rupiah exchange rate in trading Friday, September 12 is expected to move higher against the United States (US) dollar.

To note, citing Bloomberg, on Thursday, September 11, the rupiah spot exchange closed higher by 0.05 percent to the level of Rp. 16,462 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed down 0.07 percent to a price level of Rp. 16,468 per US dollar.

Currency observer Ibrahim Assuaibi said that the market is increasingly confident in an easing of policies that will soon occur after US producer price data are weaker than expected and major revisions to the official employment figures strengthen signs of a cooling labor market.

"The traders are now seeing a 25-base-point cut in interest rates almost certainly occurs when the Fed meets next week, with several bets at a bigger step," he said in a statement, quoted Friday, September 12.

Ibrahim conveyed that attention is now focused on the inflation rate for US consumer prices, which is estimated to show a monthly increase of 0.3 percent in August and 2.9 percent on an annual basis.

Meanwhile, from within the country, Ibrahim said that the Government is preparing to withdraw savings funds from Bank Indonesia worth IDR 200 trillion to be transferred to the banking sector to overcome the liquidity drought which has recently attracted the attention of industry players, while accelerating lending to the real sector so that economic growth is maintained.

He said that the main goal of this policy was to accelerate the circulation of money in the economy.

According to him, with additional liquidity, banks are expected to be able to channel productive loans that can encourage consumption, investment, and support government priority programs.

Even so, he said that the government was still preparing technical rules regarding which banks would accept this flow of funds.

"Regulation is the key so that the placement of funds is really effective in encouraging credit, not just adding cheap funds for banks," he said.

Dia mengatakan, dengan penempatan dana langsung di perbankan, pemerintah berharap bank memiliki ruang lebih besar untuk menyalurkan kredit ke sektor-sektor produktif, mulai dari usaha mikro kecil dan menengah (UMKM) hingga proyek-proyek strategis.

Menurutnya, skema ini diyakini dapat mempercepat pemulihan dan penguatan ekonomi, terutama di tengah kebutuhan likuiditas yang tinggi menjelang akhir tahun.

Ibrahim memperkirakan rupiah akan bergerak fluktuatif namun ditutup menguat pada perdagangan Jumat, 12 September 2025 dalam rentang harga Rp16.430 - Rp16.470 per dolar AS.

He said, with the placement of direct funds in banks, the government hopes that banks will have greater space to channel credit to productive sectors, ranging from micro, small and medium enterprises (MSMEs) to strategic projects.

According to him, this scheme is believed to accelerate economic recovery and strengthening, especially in the midst of high liquidity needs towards the end of the year.

Ibrahim estimates that the rupiah will fluctuate but close higher in trading Friday, September 12, 2025, in the price range of IDR 16,430 - IDR 16,470 per US dollar.