Rupiah Weakens to Level 18,129 per US Dollar

The Rupiah exchange rate opened weaker on Monday morning, 8 June 2026. In the domestic spot market, the Rupiah reached the level of 18,129 per US Dollar, a decline compared to the previous trading close on Friday, 5 June 2026, which stood at 18,036 per US Dollar.

Simultaneously, the Jakarta Composite Index (IHSG) also opened in the red. By 09:16 WIB, the IHSG plummeted by 4 per cent to the 5,370 level. As of 10:05 WIB, the index remained in negative territory with a decline of 2.8 per cent.

Ibrahim Assuaibi, Director of PT Traze Andalan Futures, assessed that the Rupiah’s weakness is influenced by global sentiments, such as the Middle East conflict and the policy direction of the US Federal Reserve. Domestically, an increasing demand for dollars is expected to affect Indonesia’s current account balance.

Furthermore, Ibrahim highlighted rising inflation in May and a narrowing trade surplus. He also noted the impact of Moody’s decision to downgrade the debt outlook for Danantara Investment Management.

Ibrahim predicts significant foreign capital outflows from the stock market today due to the falling Rupiah. “The decline of the Rupiah is occurring amidst investor anxiety regarding President Prabowo’s extensive agenda, particularly concerning the free nutritious meal project and the Red and White Village Cooperatives, and most importantly, the increase in fuel subsidies,” said Ibrahim.