Jakarta, CNBC Indonesia \u2014 The rupiah remained at the psychologically\nsignificant level of Rp18,000 per US dollar at the start of trading on\nMonday (19 October 2026). The Indonesian currency opened unchanged\nagainst the US dollar after coming under sharp pressure late last\nweek.<\/p>\n
Refinitiv data showed the rupiah opening at Rp18,000 per US dollar,\nunchanged from Friday\u2019s close (16 October 2026), at the same level.<\/p>\n
Meanwhile, the US dollar index (DXY), which measures the greenback\u2019s\nstrength against six major currencies, was relatively flat at 101.832 at\n9am Western Indonesian Time (WIB).<\/p>\n
The rupiah\u2019s movement at the start of trading was still overshadowed\nby concerns about domestic financial market conditions, after the\nJakarta Composite Index (JCI) plunged 11.32% last Friday.<\/p>\n
The pressure followed MSCI\u2019s announcement that it could change the\nclassification of Indonesia\u2019s stock market from Emerging Market to\nStandalone Market.<\/p>\n
However, no final decision has been made on the change in status.\nMSCI is holding consultations with market participants until 30 April\n2027, with a final decision due to be announced by 30 June 2027 at the\nlatest.<\/p>\n
The uncertainty has concerned investors because the reclassification\ncould prompt portfolio adjustments and foreign fund outflows from the\ndomestic stock market, adding to pressure on the rupiah.<\/p>\n
Muhammad Rizal Taufikurrahman, head of macroeconomics at INDEF, said\nthat although discussions about the future of Indonesia\u2019s stock market\nat MSCI would continue until a final decision in June 2027, investors\ncould reduce their exposure before then.<\/p>\n
\u201cForeign share sales followed by dollar purchases could put pressure\non the rupiah, while a worsening risk perception could spill over into\ngovernment bonds (SBN) and raise financing costs,\u201d Rizal told CNBC\nIndonesia on Friday (16 October 2026).<\/p>\n
Rizal therefore stressed that Bank Indonesia intervention must be\naccompanied by transparency over share ownership, action against market\nmanipulation and credible fiscal discipline.<\/p>\n
Overseas, China\u2019s economy showed signs of improvement, with growth\npicking up again in the third quarter of 2026.<\/p>\n
Reuters reported that China\u2019s gross domestic product (GDP) grew 4.5%\nyear on year, exceeding market expectations of 4.4% and rising from 4.3%\nin the previous quarter.<\/p>\n
Quarter on quarter, the economy grew 1.2%, above forecasts of 1.1%\nand the previous quarter\u2019s growth of 0.9%.<\/p>\n
The development is significant for Indonesia, as China is one of its\nmain trading partners. Stronger economic growth could support demand for\nIndonesian exports and provide a positive sentiment boost for the\nrupiah.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/us-dollar-holds-at-rp18-000-this-morning-1792378230", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }