Rupiah Weakens After BI Responds to Fitch Ratings Keeping Indonesia's Credit Rating

Jakarta, VIVA – The rupiah’s exchange rate against the United States dollar (US$) is forecast to remain volatile, but closed weaker on today’s trading.

According to Bank Indonesia’s Jakarta Interbank Spot Dollar Rate (Jisdor), the rupiah was at Rp 16,886 per US$ on Thursday, 5 March 2026. The rupiah had strengthened by 25 points from the previous level of Rp 16,911 on Wednesday, 4 March 2026.

Meanwhile, in the spot market on Friday, 6 March 2026, up to 09:15 WIB, the rupiah traded at Rp 16,908 per US.Thelevelisweakerby3pointsor0.02percentfromthepreviouslevelofRp16, 905perUS.

Economy and money market watcher Ibrahim Assuaibi said Bank Indonesia (BI) responded to Fitch Ratings’ assessment that kept Indonesia’s sovereign credit rating at BBB, and adjusted the outlook to negative.

The affirmation of Indonesia’s rating at BBB reflects global confidence in Indonesia’s fundamentals, which remain strong. In addition, the outlook adjustment is believed not to reflect a deterioration in Indonesia’s economic fundamentals.

Furthermore, financial system stability remains well maintained, underpinned by adequate liquidity, banks’ capitalization at high levels, and low credit risk. Additionally, the expanding digitalisation of the payments system, backed by stable infrastructure, and a healthy industrial structure, also support economic growth.

Going forward, BI forecasts that Indonesia’s medium-term growth prospects remain solid and show an upward trend, supported by contained inflation. In 2026, economic growth is projected to be in the range of 4.9–5.7 percent and to rise in 2027, with inflation kept within the target.

External resilience of the Indonesian economy also remains strong amid global turmoil, with the Balance of Payments kept healthy and supported by solid trade balance performance.

Indonesia’s foreign exchange reserves at the end of January 2026 remained high at US$154.6 billion, or equivalent to financing 6.3 months of imports or 6.1 months of imports and government external debt payments, and above the international adequacy standard of around 3 months of imports.

“The rupiah is fluctuating but closed weaker in the Rp 16,900–Rp 16,940 range,” he said.