{
    "success": true,
    "data": {
        "id": 1720021,
        "msgid": "bi-rupiah-still-undervalued-poised-to-strengthen-ahead-1778028913",
        "date": "2026-05-05 21:55:15",
        "title": "BI: Rupiah Still \"Undervalued\", Poised to Strengthen Ahead",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Bank Indonesia Governor Perry Warjiyo has stated that the rupiah is currently undervalued against the US dollar but is expected to stabilise and strengthen in the future, supported by robust economic fundamentals including 5.61% growth and low inflation. Despite short-term pressures from global factors like high oil prices and US interest rate hikes, as well as seasonal domestic demand for dollars, the central bank remains optimistic. The rupiah closed at Rp17,424 per US dollar, down 0.17% from the previous day.",
        "content": "<p>Jakarta (ANTARA) - Bank Indonesia Governor Perry Warjiyo stated that\nthe current exchange rate of the rupiah against the US dollar is\nundervalued, or below its fundamental value. \u201cFirstly, the current\nexchange rate is undervalued, and in the future, we are confident it\nwill stabilise and strengthen,\u201d said Perry Warjiyo after a limited\nmeeting with President Prabowo Subianto at the Presidential Palace\nComplex in Jakarta on Tuesday. Perry explained that Indonesia\u2019s current\neconomic fundamentals are actually very strong to support the exchange\nrate. This is reflected in economic growth reaching 5.61 per cent and\ninflation remaining low. Other strengthening indicators include high\ncredit growth and adequate foreign exchange reserves. Perry emphasised\nthat these fundamentals indicate that the rupiah should be stable and\ntend to strengthen in the market. However, Perry did not deny the\nexistence of short-term pressures causing the Indonesian currency to\nweaken. According to him, there are two main factors influencing this:\nglobal factors and seasonal factors. The global factors pressuring the\nrupiah include high world oil prices and the rise in US interest rates.\nCurrently, the 10-year US Treasury yield has reached 4.47 per cent,\ntriggering a broad strengthening of the US dollar. \u201cThe Coordinating\nMinister mentioned the capital flight from emerging markets, including\nIndonesia,\u201d said Perry, referring to the impact of global interest rate\ndynamics. In addition to global factors, seasonal pressures during the\nApril to June period have increased domestic demand for US dollars. This\nforeign exchange need has surged for dividend repatriation payments,\ndebt payments, and the costs for Hajj pilgrims. At the close of trading\ntoday, the rupiah exchange rate was recorded weakening by 30 points or\n0.17 per cent to Rp17,424 per US dollar from the previous close at\nRp17,394 per US dollar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-rupiah-still-undervalued-poised-to-strengthen-ahead-1778028913",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}