The rupiah closed flat against the US dollar at the start of the\ntrading week.<\/p>\n
According to Refinitiv data, at Monday\u2019s close of trading (7\/9\/2026),\nthe rupiah stood at Rp17,630 per US dollar, unchanged from its last\nclose on Friday (4\/9\/2026).<\/p>\n
The rupiah had in fact opened 0.11% higher at Rp17,610 per US dollar\nin the morning. However, the Garuda currency then reversed course and\nweakened to an intraday low of Rp17,665 before trimming its losses and\nending trade at the same level as the previous close.<\/p>\n
Meanwhile, the US dollar index (DXY), which measures the greenback\u2019s\nstrength against six major world currencies, was down 0.09% at 99.088 as\nof 15:00 WIB, after closing 0.27% higher in Friday\u2019s trading.<\/p>\n
The rupiah\u2019s movement today took place against the backdrop of an\nannounced increase in Indonesia\u2019s foreign exchange reserves and a\nweakening US dollar in global markets.<\/p>\n
Bank Indonesia (BI) reported that Indonesia\u2019s foreign exchange\nreserves reached US$146.5 billion at the end of August 2026, an increase\nof US$1.2 billion from the end-of-July position of US$145.3 billion.<\/p>\n
The rise in reserves was driven by tax and services receipts as well\nas the withdrawal of government foreign loans. The increase came despite\ngovernment external debt payments and BI\u2019s rupiah stabilisation\npolicy.<\/p>\n
\u201cAmid government external debt payments and Bank Indonesia\u2019s exchange\nrate stabilisation policy in response to persistently high global\nfinancial market uncertainty,\u201d said BI Executive Director of the\nCommunications Department Ramdan Denny Prakoso on Monday (7\/9\/2026).<\/p>\n
The reserve position is equivalent to financing 5.4 months of\nimports, or 5.3 months of imports plus government external debt\npayments, remaining well above the international adequacy standard of\naround three months of imports.<\/p>\n
BI considers the reserves sufficient to support the resilience of the\nexternal sector and to safeguard macroeconomic and financial system\nstability.<\/p>\n
The increase in reserves provides a stronger cushion for BI in facing\nglobal market volatility and maintaining rupiah stability.<\/p>\n
In global markets, the US dollar continued to struggle to sustain\ngains, even though the odds of a Federal Reserve rate hike rose again\nfollowing the release of the US jobs report.<\/p>\n
Market players are now pricing in roughly a 57% chance that the Fed\nwill raise interest rates in September. Attention now turns to US\ninflation data scheduled for release on Friday this week.<\/p>\n
The dollar remains overshadowed by concerns over the ever-growing US\ngovernment debt and uncertainty over the direction of US policy.<\/p>\n
Several major global central banks are also expected to raise\ninterest rates. This limits the widening of the interest rate\ndifferential between the US and other countries, reducing the dollar\u2019s\nappeal.<\/p>\n
The DXY\u2019s weakness gave the rupiah room to recover from its intraday\nlow, though it was not enough to bring the Garuda currency to close in\nthe green.<\/p>\n
US inflation data will determine the dollar\u2019s next direction.\nInflation higher than expected could strengthen the odds of a Fed rate\nhike and lift the greenback once again. Conversely, lower inflation\ncould weigh on the dollar and open the way for the rupiah to\nstrengthen.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-closes-flat-as-us-dollar-holds-at-rp17-630-1788771357", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }