Rupiah Strengthens Slightly, US Dollar Falls to Rp 17,185
Jakarta, CNBC Indonesia - The rupiah exchange rate closed stronger against the United States (US) dollar in trading on Monday (27/4/2026).
According to Refinitiv data, the rupiah ended the first trading day of the week in the green zone with an appreciation of 0.03% to the level of Rp17,185/US$.
Throughout the trading session, the rupiah moved quite volatile. At the opening of trading, the rupiah was stagnant at the level of Rp17,190/US$, the same as the previous trading close.
However, the rupiah briefly entered the red zone, reaching its weakest level of the day at Rp17,235/US$. After that, the Garuda currency reversed direction and eventually closed with a slight strengthening.
Meanwhile, the US dollar index or DXY at 3:00 PM WIB was observed to be relatively stable at the level of 98.530.
The rupiah’s strengthening occurred amid a market that remains cautious about the direction of the global economy. Uncertainty from abroad continues to be the main pressure, ranging from tariff policies, high interest rates in the United States, to the Middle East conflict that has not fully subsided.
Bank Indonesia Governor Perry Warjiyo stated that the current global conditions are still full of challenges. According to him, the world is not doing well because uncertainty remains high and the global economy tends to slow down.
This was conveyed by Perry at the National Policy Dialogue and Kick Off for the Acceleration of National Intermediation (PINISI) on Monday (27/4/2026).
“The impact of the Middle East conflict is truly being monitored and cautioned against, not only high oil prices and high US interest rates and capital outflows and pressure on our economy,” said Perry.
That statement reinforces that the pressure on the rupiah does not only come from the movement of the US dollar, but also from a broader combination of global risks. The Middle East conflict has the potential to keep oil prices high, while US interest rates that remain at high levels can cause capital outflows from developing countries, including Indonesia.
In such conditions, the rupiah becomes more vulnerable to volatile movements. When global investors choose assets deemed safer, the pressure on emerging market currencies usually increases as well.
Perry assessed that Indonesia needs to strengthen synergy to maintain domestic economic resilience. Bank Indonesia, together with the government, the Financial Services Authority, Danantara, business actors, and investors, is promoting the National Intermediation Acceleration Programme or PINISI.
This programme is aimed at strengthening financing, encouraging project realisation, and maintaining domestic economic momentum amid global pressures.
“We hope that PINISI can carry out good interactions in agreements, financing, and project realisation,” explained Perry.