Rupiah Strengthens 0.52%, US Dollar Falls Below Rp17,200
Jakarta, CNBC Indonesia — The rupiah exchange rate closed stronger against the US dollar on the final trading day of the week, Friday (24/4/2026).
According to Refinitiv data, the rupiah ended trading in the green zone with an appreciation of 0.52% to the level of Rp17,190/US$.
This strengthening also brought the rupiah back below the psychological level of Rp17,200/US, afterontheprevioustradingday, Thursday(23/4/2026), theGaruda′scurrencyclosedweakerby0.64, which became the weakest closing level of all time.
On the other hand, the US dollar index (DXY) at 15:00 WIB was still observed strengthening by 0.07% to the position of 98.833.
The rupiah was able to strengthen amid external pressures that remain quite high. This is reflected in the movement of the US dollar index which remains in the strengthening zone, indicating that global market players are still hunting for the greenback as a safe haven asset.
Global sentiment is still overshadowed by the stalemate in peace negotiations between the United States and Iran, which has made hopes of easing tensions in the Middle East fade again.
Iran previously demonstrated its control over that strategic route, so the timing for reopening that important world shipping corridor remains unclear. This situation keeps energy prices high and continues to burden global market sentiment.
From domestically, Bank Indonesia has reaffirmed its commitment to continue maintaining rupiah stability through measured and consistent market operations.
“Consistent interventions will continue to be carried out through Non-Deliverable Forward (NDF) transactions in the offshore market, spot transactions and Domestic Non-Deliverable Forward (DNDF) in the domestic market, accompanied by purchases of government bonds in the secondary market,” said Senior Deputy Governor of BI Destry Damayanti, quoted on Friday (24/4/2026).
In addition to foreign exchange interventions and SBN purchases, BI is also continuing to optimise Bank Indonesia Rupiah Securities (SRBI) to maintain the attractiveness of domestic financial assets.
In the April 2026 RDG release, BI stated that this strategy is aimed at continuing to attract inflows of foreign portfolio investment into the domestic market.
As of 21 April 2026, the outstanding position of SRBI was recorded at Rp885.41 trillion, with non-resident ownership reaching Rp165.98 trillion or around 18.75% of the total outstanding.