Breaking News! Rupiah Opens Stronger at Rp17,350 per US$
Jakarta, CNBC Indonesia - The rupiah exchange rate opened stronger against the US dollar on Wednesday (6/5/2026) trading.
According to Refinitiv data, the Garuda currency began trading in the green zone with an appreciation of 0.34% to Rp17,350 per US.Thisstrengtheningcameaftertherupiahclosedweakerby0.26 in the previous session.
Meanwhile, the US dollar index or DXY, which measures the greenback’s strength against six major world currencies, was observed weakening. As of 09:00 WIB, DXY fell 0.21% to 98.234.
Bank Indonesia (BI) and the government have reaffirmed their commitment to maintaining rupiah exchange rate stability.
BI Governor Perry Warjiyo stated that there are seven steps prepared by BI to strengthen the rupiah, which have been reported to President Prabowo Subianto at the State Palace on Tuesday evening (5/5/2026).
These seven steps include restrictions on US dollar purchases without underlying transactions, interventions in the foreign exchange market both spot and domestic DNDF, as well as strengthening NDF interventions in overseas markets.
BI will also enhance the attractiveness of Bank Indonesia Rupiah Securities (SRBI), continue purchasing Government Securities (SBN) in the secondary market, maintain adequate banking and market liquidity, and increase supervision of banks and corporations with high US dollar purchase activities.
Regarding plans to tighten US dollar purchases in the domestic market without underlying, Perry explained that BI had previously lowered the limit for dollar purchases without underlying from US$100,000 to US$50,000 per person per month.
Going forward, that limit will be further reduced to US$25,000. This means that US dollar purchases up to or above US$25,000 must have an underlying or clear transaction basis.
“Purchases of dollars up to or above 25,000 must use underlying, yes. That is what we will strengthen,” said Perry.
In addition, BI will continue to conduct interventions in the spot market, domestic DNDF, and overseas NDF, including in Hong Kong, Singapore, London, and New York. Perry emphasised that BI’s foreign exchange reserves are still more than sufficient to maintain rupiah stability.
BI will also strengthen the attractiveness of SRBI to attract foreign inflows to offset outflows from the SBN and stock markets.
Coordination with the Ministry of Finance is being strengthened through the purchase of SBN in the secondary market. Perry noted that BI has purchased SBN amounting to Rp123.1 trillion year to date.
From the government’s side, the implementation of new rules for Natural Resource Export Proceeds (DHE SDA) starting 1 June 2026.
Coordinating Minister for the Economy Airlangga Hartarto assured that DHE SDA must be deposited in red-plate banks or Himbara for a minimum of 12 months, with a maximum conversion to rupiah of 50% of the total DHE SDA for exporters.
For the extractive sector, oil, and gas, the government provides an exception for the placement duration to three months.
The government is also preparing domestic foreign currency SBN instruments to accommodate excess foreign exchange from DHE SDA. This step is expected to strengthen the domestic foreign exchange supply while deepening the domestic financial market.