JAKARTA - The rupiah exchange rate in Wednesday, April 29, 2026 trading is expected to weaken against the US dollar (USD).
To note, quoting Bloomberg, on Tuesday, April 28, the spot rupiah exchange rate closed down 0.19 percent to Rp17,243 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) rupiah exchange rate of the Bank Indonesia (BI), closed down 0.10 percent to the price level of Rp17,245 per US dollar.
Doo Financial Futures analyst Lukman Leong, predicts that the rupiah exchange rate will weaken against the US dollar as risk-off sentiment increases and world crude oil prices rise.
He added that this condition was triggered by the United States' rejection of Iran's proposal, which worsened the hope for peace in the Middle East.
"The rupiah is expected to weaken against the US dollar amid a risk-off sentiment and a rise in global crude oil prices in response to the US rejection of Iran's proposal, triggering pessimism on hopes for peace in the Middle East," he told VOI, Wednesday, April 29.
Lukman estimates that the movement of the rupiah on Wednesday, April 29, 2026 will be in the range of Rp17,200-Rp17,300 per US dollar.
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