Rupiah Closed Weaker, US Dollar Exchange Rate Rises to Rp16,760

Jakarta — The Indonesian rupiah ended weaker against the US dollar on the final trading day of the week, Friday 27 February 2026.

According to Refinitiv data, the rupiah closed at Rp16,760/US, depreciating0.06.

The rupiah moved in negative territory from the start of trading. At this morning’s opening, it weakened 0.03% to Rp16,755/US.PressurecontinuedastherupiahbrieflytouchedRp16, 787/US before the decline moderated ahead of the close.

Meanwhile, the US Dollar Index (DXY), which measures the strength of the dollar against six major world currencies, was observed weakening slightly by 0.04% to 97.753 at 15:00 WIB.

The rupiah’s weakness on Friday’s trading was still influenced by several external sentiments. The US dollar rebounded from Thursday’s weakness following data showing US weekly initial jobless claims rose by 4,000 to 212,000. This figure was lower than the market projection of 216,000, reinforcing signals of a still-solid labour market.

Dollar strength was also driven by increased liquidity demand following weakness in US equities. However, the scope for dollar appreciation remained relatively limited following dovish commentary from Federal Reserve Chicago President Alan Goolsbee, who assessed that interest rates still had potential to decline this year if inflation continues to moderate.

Meanwhile, the market currently estimates only about a 3% probability of a 25 basis point rate cut at the Federal Reserve’s 17-18 March meeting.

Domestically, sentiment also came from attention by global rating agencies to pressure on Indonesia’s fiscal position.

During an Asia-Pacific webinar on Thursday 26 February 2026, S&P Global Ratings sovereign analyst Rain Yin stated that Indonesia’s debt interest payments could potentially breach the critical 15% threshold of government revenue. Yin added that if this ratio remains above 15% for a sustained period, S&P may view Indonesia’s rating outlook more negatively.