Rupiah Opens at Rp18,075 per US Dollar

Jakarta, CNBC Indonesia – The rupiah reversed course and weakened against the US dollar at the opening of trading on Tuesday (10 November 2026), after strengthening in the previous session.

Refinitiv data showed the rupiah opening at Rp18,075 per US dollar, down 0.03% from Monday’s (9 November 2026) close of Rp18,070 per US dollar.

Meanwhile, the US dollar index (DXY), which measures the greenback against six major currencies, was slightly stronger, up 0.04% at 101.697.

Domestically, the government’s Natural Resources Export Proceeds (DHE SDA) policy has again drawn attention after the government said businesses had responded positively to the rules.

Susiwijono Moegiarso, secretary of the Coordinating Ministry for Economic Affairs, said the Indonesian Chamber of Commerce and Industry (Kadin), the Indonesian Employers Association (Apindo) and several business associations welcomed the clarity of the DHE SDA provisions.

“Everyone at Kadin, Apindo and the associations responded positively because everything is now clear and transparent,” Susiwijono told reporters on Monday (9 November 2026).

The policy governs the placement and use of natural-resource export proceeds in Indonesia, and could support domestic foreign-exchange availability. Its impact on the rupiah, however, will depend on exporters’ actual placement and conversion of the proceeds.

Bank Indonesia (BI) is also scheduled to release September 2026 retail-sales data at 10.00am Western Indonesian Time today. In August, sales grew 1.3% year on year, slightly faster than the 1.1% recorded in July.

The release will provide an updated picture of household consumption, including whether sales growth continued in September.

Externally, global oil prices plunged on Monday (9 November 2026) after US President Donald Trump played down the possibility of a fresh military strike against Iran.

Reuters reported that Brent crude fell 5.85% to US$92.57 a barrel, while West Texas Intermediate (WTI) dropped 4.38% to US$86.85 a barrel.

As a net oil importer, Indonesia could benefit from lower prices through reduced foreign-exchange requirements for energy imports, potentially helping to ease pressure on the rupiah.