Rupiah Plummets, Coordinating Minister Airlangga References Currencies of Other Countries
The rupiah exchange rate came under renewed pressure, breaching the psychological level of Rp17,100 per US$, raising concerns among market participants about national economic stability amid increasingly intense global volatility.
Based on Tuesday’s closing trade data, April 7, 2026, the rupiah was recorded at Rp17,105 per US, weakeningby70pointsor0.41percentfromthepreviouspositionofRp17, 035perUS. This weakening extends the recent trend of pressure on the Garuda currency.
In response to the situation, Coordinating Minister for the Economy Airlangga Hartarto emphasised that the pressure on the rupiah is not a singular phenomenon occurring only in Indonesia.
“And it’s not just the rupiah; various other currencies are the same,” Airlangga stated at the Presidential Palace Complex in Central Jakarta on Tuesday, April 7, 2026.
Pressure on the rupiah was evident from the midday trading session through to the afternoon. The weakening even reached 75 points at one point before closing around Rp17,100 per US$.
According to Yahoo Finance, the rupiah stood at Rp17,090 per US, weakeningby58points.Meanwhile, theJakartaInterbankSpotDollarRate(Jisdor)referenceraterecordedtherupiahatRp17, 092perUS, down 55 points from the previous day.
This statement indicates that the rupiah’s weakening is part of global pressure on emerging market currencies, in line with rising world economic uncertainty, including the impact of geopolitical conflicts and global interest rate movements.
Amid these conditions, the market is now awaiting further steps from economic authorities, including Bank Indonesia and the government, to maintain exchange rate stability and dampen volatility that could affect inflation and public purchasing power.
Pressure on the rupiah also serves as an important signal that global dynamics remain a dominant factor in domestic market movements. Without appropriate intervention and strategies, exchange rate volatility risks persisting in the short term.