{
    "success": true,
    "data": {
        "id": 1821454,
        "msgid": "rupiah-nears-rp-18-000-after-msci-maintains-indonesias-status-1782298450",
        "date": "2026-06-24 17:09:28",
        "title": "Rupiah Nears Rp 18,000 After MSCI Maintains Indonesia's Status",
        "author": "Gita Amanda",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah weakened towards the Rp 18,000 per US dollar mark following MSCI's decision to retain the country's Emerging Market status, albeit with a warning about a potential downgrade. The market reacted cautiously to the extended review of Indonesia's market accessibility, which remains a key concern for international investors. Meanwhile, the government announced a Rp 26.34 trillion stimulus package for the second half of 2026 to bolster the domestic economy against global uncertainties.",
        "content": "<p>The rupiah exchange rate against the US dollar corrected following\nthe announcement of the Morgan Stanley Capital International (MSCI) 2026\nMarket Classification Review on 24 June 2026 (23 June 2026 US time). The\nGaruda Currency is now approaching Rp 18,000 per US dollar again. Citing\nBloomberg, the rupiah weakened by 93 points, or 0.52 percent, to Rp\n17,952 per US dollar at the close of trading on Wednesday (24\/6\/2026).\nThe rupiah had been saved from its all-time low position, above Rp\n18,000 per US dollar, over the last 10 days.<\/p>\n<p>Currency and Commodity Observer Ibrahim Assuaibi stated that internal\nsentiment influencing the rupiah\u2019s fluctuation included the impact of\nthe MSCI Market Classification Review announcement, which maintained\nIndonesia in the Emerging Markets (EM) category. However, MSCI noted the\npotential for a downgrade to Frontier Markets (FM) status if there is\ninsufficient progress in Indonesia\u2019s capital market reform measures.\nIbrahim said the market responded positively to MSCI\u2019s decision to\npostpone the assessment of Indonesia\u2019s market accessibility until\nNovember. The extended review follows concerns raised earlier this year\nregarding market accessibility, with the index provider freezing changes\nto Indonesian equity indices in January due to investability issues.<\/p>\n<p>\u201cThus, the review process for Indonesia\u2019s market status is still\nongoing and will be a major focus for market participants in the coming\nmonths. The evaluation results are considered important as they can\nprovide an overview of international investor perceptions regarding the\nquality, openness, and efficiency of the domestic capital market,\u201d he\nstated on Wednesday (24\/6\/2026).<\/p>\n<p>Other internal sentiment relates to the government\u2019s economic\nstimulus policy. The government has allocated an economic stimulus\npackage worth Rp 26.34 trillion for the second half of 2026 as an\nanticipatory measure to face increasing global uncertainty while\nmaintaining national economic growth momentum. Various policies have\nbeen prepared to strengthen the resilience of the domestic economy\namidst international geopolitical developments that still have the\npotential to put pressure on the world economy. Therefore, the\ngovernment is preparing mitigation measures to ensure public consumption\nand business activity are maintained. The policy package includes tax\nincentives, support for the transportation sector, industrial\nstrengthening, and the expansion of social assistance.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-nears-rp-18-000-after-msci-maintains-indonesias-status-1782298450",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}