The rupiah opened weaker against the US dollar in trading on\nWednesday (29\/7\/2026).<\/p>\n
According to Refinitiv data, as of 09.02 WIB the rupiah had\ndepreciated by 0.25% to Rp18,100\/US$. The decline brought the Garuda\ncurrency back to its psychological level.<\/p>\n
In the previous trading session on Tuesday (28\/7\/2026), the rupiah\nclosed 0.31% weaker at Rp18,055\/US.T<\/em>h<\/em>e<\/em>G<\/em>a<\/em>r<\/em>u<\/em>d<\/em>a<\/em>c<\/em>u<\/em>r<\/em>r<\/em>e<\/em>n<\/em>c<\/em>y<\/em>e<\/em>v<\/em>e<\/em>n<\/em>t<\/em>o<\/em>u<\/em>c<\/em>h<\/em>e<\/em>d<\/em>i<\/em>t<\/em>s<\/em>w<\/em>e<\/em>a<\/em>k<\/em>e<\/em>s<\/em>t<\/em>i<\/em>n<\/em>t<\/em>r<\/em>a<\/em>d<\/em>a<\/em>y<\/em>p<\/em>o<\/em>s<\/em>i<\/em>t<\/em>i<\/em>o<\/em>n<\/em>a<\/em>t<\/em>R<\/em>p<\/em>18,\u2006095\/U<\/em>S<\/em><\/span>.<\/p>\n Meanwhile, the US dollar index (DXY), which measures the greenback\u2019s\nstrength against six major world currencies, was down slightly by 0.01%\nat 101,405 as of 09.00 WIB. The decline continued a correction of 0.12%\nin the previous trading session.<\/p>\n Today\u2019s rupiah movement will still be influenced by developments in\nthe Middle East conflict, anticipation of the Federal Reserve\u2019s (The\nFed) interest rate decision, and exchange rate stabilisation measures\ntaken by Bank Indonesia (BI).<\/p>\n Although tending to weaken, the greenback continues to receive\nsupport from demand for safe-haven assets following renewed escalation\nof tensions in the Middle East.<\/p>\n Nevertheless, global currency movements remained limited at the start\nof Asian trading. Market participants chose to hold back ahead of the\nFederal Open Market Committee (FOMC) meeting announcement on Wednesday\nUS time, or early Thursday morning WIB.<\/p>\n The market is currently pricing in a 33% chance that The Fed will\nraise interest rates by 25 basis points. The Fed\u2019s decision and\nstatement will be closely watched as they could determine the next\ndirection of the US dollar and global currencies.<\/p>\n Even so, BI has reaffirmed its commitment to maintaining rupiah\nstability amid global uncertainty and the central bank\u2019s leadership\ntransition.<\/p>\n BI Senior Executive Director and Head of the Monetary and Securities\nAsset Management Department, Erwin Gunawan Hutapea, said stability is\nthe main prerequisite for supporting sustainable economic growth.<\/p>\n \u201cAmid high global uncertainty, rupiah exchange rate stabilisation\ncontinues to be strengthened so that it consistently supports the\nachievement of inflation targets and encourages economic activity,\u201d\nErwin explained.<\/p>\n According to Erwin, efforts to safeguard the rupiah are not only\ncarried out through the policy interest rate. BI is also continuing to\nsharpen the use of other monetary instruments.<\/p>\n \u201cVarious instruments, including triple intervention in the foreign\nexchange market (spot, NDF, and DNDF) as well as the optimisation of\nmonetary instruments such as SRBI supported by swap incentive facilities\nand DNDF hedging, continue to be optimised to maintain exchange rate\nstability while supporting the inflow of foreign capital,\u201d he said.<\/p>\n BI is also continuing to maintain sufficient liquidity in the money\nand banking markets. The issuance of Bank Indonesia Rupiah Securities\n(SRBI) will be adjusted according to liquidity management needs while\nalso being directed to support the inflow of foreign capital.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/rupiah-opens-weaker-us-dollar-touches-rp18-100-this-morning-1785293515",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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