Rupiah Closes Weaker Again, Reaching Rp 17,090 per US Dollar
JAKARTA, KOMPAS.com - The rupiah exchange rate in the spot market weakened at the close of trading on Thursday (9/4/2026). The Garuda’s currency depreciated by 78 points or 0.46 percent to the level of Rp 17,090 per US dollar.
Currency and Commodities Analyst, Ibrahim Assuaibi, assessed that the rupiah’s weakening was caused by renewed geopolitical tensions in the Middle East overshadowing global markets, particularly related to disruptions in energy distribution in the Strait of Hormuz, a vital route for world oil trade.
He explained that disruptions in the Strait of Hormuz are ongoing despite a temporary ceasefire between the United States and Iran. The route, which carries about one-fifth of global oil supplies, is said to still face tight restrictions.
Ship movements have begun to be opened on a limited basis, but shipping activities have not fully recovered. Iran is said to still hold significant control over traffic and access in the area, so the risk of supply disruptions remains high.
“Limited and tightly controlled ship movements have resumed, but shipping disruptions persist, with Iran maintaining significant control over transit and access, according to reports,” Ibrahim told reporters on Thursday afternoon.
The situation has become more complex after Iran stated that peace talks with the United States have become “untenable” following the latest attack, which is seen as violating the ceasefire agreement.
Previously, US President Donald Trump had announced a two-week ceasefire with Iran. This policy had sparked market optimism regarding the potential normalisation of global energy distribution. However, analysts warn that structural disruptions to the supply chain and energy infrastructure in the region could take months to fully recover.
The Fed also highlighted that inflation remains above target, while the labour market has tended to stagnate over the past year, so the direction of policy will still depend heavily on future economic data developments.
Meanwhile, from the domestic side, Indonesia’s economic prospects have also come under scrutiny from international institutions. The World Bank projects Indonesia’s economic growth for 2026 at 4.7 percent, slightly lower than the previous projection of 4.8 percent.
Although it has been revised downward, this figure is still higher than the projected growth for the East Asia and Pacific region, which is estimated to reach only 4.2 percent.
The World Bank assesses that the regional economic outlook is influenced by several external factors, including the Middle East conflict driving up energy prices, US trade restriction policies, and increasing global uncertainty, including rapid developments in artificial intelligence (AI) technology.
Nevertheless, the Indonesian government remains optimistic about the national economic prospects. The government targets 2026 economic growth in the range of 5.4 percent to 5.7 percent, with the potential to reach 6 percent through structural transformation.
This optimism is supported by strengthening domestic consumption, increased investment, and the implementation of strategic programmes such as B50 biodiesel. In addition, the government also emphasises the importance of maintaining food and energy sovereignty, implementing prudent fiscal policies, and accelerating investment realisation to maintain economic stability amid global uncertainty.