Rupiah Falls to Rp 17,600: DPR Warns of Rising Price Risks
Editor
JAKARTA, KOMPAS.com - The weakening of the Rupiah exchange rate, which has broken through the Rp 17,600 level per US dollar, is starting to raise concerns about its impact on prices and people’s purchasing power. Chairman of Commission XI of the DPR RI, Mukhamad Misbakhun, has asked fiscal and monetary authorities to strengthen mitigation efforts so that currency pressure does not turn into imported inflation.
For information, Commission XI of the DPR RI oversees the scope of tasks in the financial sector, national development planning, monetary affairs, and the financial services sector.
According to Misbakhun, pressure on the Rupiah is influenced by global dynamics, ranging from shifts in foreign capital flows to increased uncertainty in international markets. However, he believes that external pressures should not immediately burden the real sector and the public.
“If the weakening of the Rupiah is not mitigated quickly, the impact can be immediately felt on production costs, import prices, and even the prices of basic necessities,” Misbakhun said in a written statement in Jakarta, Friday (15/5/2026).
Therefore, Bank Indonesia is encouraged to actively maintain exchange rate stability through measured interventions in the spot market, Domestic Non-Deliverable Forward (DNDF), or the Government Bond (SBN) market.
“What needs to be maintained is not just the exchange rate. What is more important is market confidence and certainty for business actors. Policy communication must be quick, clear, and credible,” he said.
Based on monitoring on the Google Finance platform at 09.03 WIB, the exchange rate of 1 US dollar was recorded at Rp 17,603.20. This movement can be seen from the Morningstar data displayed on Google Finance. On the Bloomberg platform, the Rupiah is also still moving in a weakening trend against the US dollar.
Previously, the Rupiah closed at the level of Rp 17,529 per US dollar in the last trading. Meanwhile, at the opening of trading today, the Rupiah moved in the range of Rp 17,540 to Rp 17,550 per US dollar before finally breaking through the level of Rp 17,600 per US dollar.
The pressure on the Rupiah occurred amid the strengthening of the global US dollar, rising world oil prices, and increased risk-off sentiment in financial markets due to geopolitical conflicts in the Middle East.
“If Brent stays above 110 US dollars per barrel and foreign capital flows have not recovered, the Rupiah could test Rp 17,800,” said Josua Pardede, quoted from Kompas.com, Tuesday (5/5/2026).
In the same vein, Chief Analyst Doo Financial Futures, Lukman Leong, said that the increase in world crude oil prices and global market sentiment are still burdening regional currencies, including the Rupiah.
“The Rupiah and regional currencies are being monitored to weaken significantly against the US dollar due to the rise in world crude oil prices,” said Lukman Leong, quoted from Kompas.com, Tuesday (12/5/2026).