Breaking News! Rupiah Strengthens, US Dollar Falls to Rp16,830
Jakarta, CNBC Indonesia — The Indonesian rupiah opened morning trading on Tuesday, 10 March 2026, with a strengthening performance against the US dollar.
According to Refinitiv data, the rupiah opened at Rp16,830/US$ or appreciated by 0.62%. This strengthening occurred after the previous trading day on Monday, 9 March 2026, when the rupiah came under pressure and touched Rp16,990/US, nearlybreakingthroughthepsychologicallevelofRp17, 000/US.
Nevertheless, at the close of trading the rupiah managed to cut back some of the losses and ended at Rp16,935/US$, with a daily depreciation of 0.21%.
Meanwhile, the US dollar index (DXY) at 09.00 WIB was trading in the red zone with a depreciation of 0.32% to the level of 98.860.
The rupiah’s movement on Tuesday’s trading is estimated to have received some positive sentiment, particularly from the weakening of the US dollar index.
The index, which measures the strength of the US dollar against six major world currencies, corrected in morning trading after surging sharply on Monday due to increased market concerns about the escalation of war in the Middle East that could last longer.
However, this morning pressure on the US dollar began to ease after US President Donald Trump said in an interview with foreign media that the war against Iran was considered already “substantially complete”.
This statement slightly eased investor concerns about prolonged conflict that could disrupt global energy supply and dampen global economic growth.
Previously, the US-Israel war against Iran had shaken global financial markets and pushed up oil prices, with investors rushing into safe assets, including the US dollar.
Now, with some of these concerns subsiding, market participants are beginning to reduce their holdings of dollar-denominated assets. This situation opens room for the strengthening of other currencies, including the rupiah.
Domestically, market participants are awaiting the release of Indonesia’s retail sales data for January 2026. This data is important for assessing how strong consumer purchasing power is amid the still-high global pressures.
As a reference, Bank Indonesia (BI) previously recorded the Real Sales Index (IPR) growing 3.5% year-on-year in December 2025. This achievement marked eight consecutive months of retail sales expansion, supported in part by various government policies to maintain domestic consumption.
However, the rate of growth slowed compared to November 2025, which reached 6.3%, and is the lowest since August 2025. This condition shows that although household consumption is still growing, its pace is beginning to slow.
If the results are solid, this could support sentiment towards domestic assets, including the rupiah. Conversely, if growth weakens again, the market could see signs of a slowdown in domestic consumption.