{
    "success": true,
    "data": {
        "id": 2009755,
        "msgid": "rupiah-gloom-returns-as-2026-draws-to-a-close-1790720437",
        "date": "2026-09-30 04:24:48",
        "title": "Rupiah Gloom Returns as 2026 Draws to a Close",
        "author": "",
        "source": "TEMPO_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian rupiah has retreated towards the Rp18,000 mark against the US dollar following a brief period of recovery. This depreciation is driven by rising global oil prices and a significant current-account deficit, leaving the currency vulnerable to geopolitical instability.",
        "content": "<p>TEMPO.CO, Jakarta - The rupiah\u2019s strengthening through August and\nearly September has proved short-lived. After recovering to about\nRp17,500 against the United States dollar on September 10, the currency\nslipped back towards Rp18,000 last week. Its rally evaporated after\nbarely two weeks.<\/p>\n<p>The reversal underlines a more fundamental problem: little has\nchanged domestically to provide lasting support for the currency. The\nrupiah therefore remains highly vulnerable to shifts in geopolitics and\nglobal financial markets.<\/p>\n<p>The clearest example is its relationship with oil prices. Hopes of a\nreopening of the Strait of Hormuz have faded, while attacks on Saudi\nArabian oil export facilities have disrupted global supplies. Brent\ncrude has consequently surged above US$105 a barrel, dragging the rupiah\nlower.<\/p>\n<p>For Indonesia, expensive oil means a larger dollar bill for imports.\nThis is particularly damaging because the country recorded a US$12.5\nbillion current-account deficit in the second quarter. In other words,\njust as Indonesia is already running short of foreign currency, higher\noil prices are digging the hole deeper.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-gloom-returns-as-2026-draws-to-a-close-1790720437",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}