JAKARTA - The rupiah exchange rate in Wednesday, May 13, 2026 trading is expected to weaken against the US dollar.
To note, quoting Bloomberg, on Tuesday, May 12, the spot rupiah exchange rate closed down 0.66 percent to Rp17,529 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.57 percent to the price level of IDR17,514 per US dollar.
Doo Financial Futures analyst Lukman Leong assessed that the rupiah exchange rate could potentially weaken against the US dollar as the US currency strengthened after the release of US inflation data which was recorded higher than market expectations.
"The rupiah has the potential to weaken again against the US dollar which strengthened after the US inflation data was higher than expected," he told VOI, Wednesday, May 13.
According to Lukman, another sentiment that also weighed on the rupiah was the number of issuers that were removed from the MSCI index in the May 2026 rebalancing, which was assessed to be much larger than the initial estimates of market participants and authorities.
He added that this condition has the potential to trigger foreign funds outflows from the domestic market.
"Another thing that weighs on the rupiah is the number of companies that were kicked out of the MSCI index in the May 2026 rebalancing is much more than market participants and authorities initially expected," he said.
In addition, Lukman said the continued rise in world crude oil prices also put additional pressure on the rupiah amid increasing global uncertainty.
Lukman estimates that the movement of the rupiah on Wednesday, May 13, 2026 will be in the range of IDR 17,450 to IDR 17,600 per US dollar.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
