Dollar Breaches Rp17,300, Airlangga Says Rupiah Not Under Pressure Alone

Jakarta, CNBC Indonesia - Coordinating Minister for the Economy Airlangga Hartarto revealed that the government will continue to monitor the weakening of the rupiah exchange rate against the US dollar.

As is known, based on Refinitiv data, at 09:32 WIB, the Garuda currency weakened by 0.79% to the level of Rp17,305/US$. This level also marks the rupiah’s weakest position ever, newly recorded intraday.

“Yes, we are just monitoring it, because various currencies in the region are also fluctuating,” Airlangga stressed, after releasing investment data at the BKPM Office, Thursday (23/4/2026).

Airlangga also urged the public not to overreact. He assured that Bank Indonesia will carry out its duty to maintain the exchange rate.

“We are just monitoring it, and that is BI’s task to maintain,” he explained.

Senior Deputy Governor of Bank Indonesia (BI) Destry Damayanti revealed that the pressure on the rupiah exchange rate today is inseparable from the high global uncertainty. Therefore, she emphasised that the rupiah’s value against the US dollar is actually not weakening on its own.

“The pressure on the rupiah that has occurred since this morning is largely due to increasing global uncertainty, so regional currencies are experiencing the same pressure,” Destry told CNBC Indonesia.

Therefore, she assured that Bank Indonesia will continue to increase the intensity of interventions to maintain rupiah exchange rate stability and strengthen the interest rate structure of pro-market instruments to remain attractive for capital inflows into domestic asset instruments, amid the ongoing impact of the Middle East war.

“Consistent interventions will continue to be carried out through Non-Deliverable Forward (NDF) transactions in the offshore market, spot transactions and Domestic Non-Deliverable Forward (DNDF) in the domestic market, accompanied by purchases of government bonds in the secondary market,” said Destry.

She emphasised that the rupiah’s weakening is still in line with the region. On a year-to-date basis, the rupiah exchange rate is considered to have weakened by minus 3.54%, and foreign exchange reserves remain maintained at the level of US$148.2 billion at the end of March 2026.