Video: Rupiah Stuck at Rp 17,000/USD Level, What Are the Causes and Effects?

The Composite Stock Index (IHSG) strengthened by up to 3.4%, closing the first trading session on Wednesday (08/04) at 7,208, in line with the planned ceasefire between Iran and the US that will last for two weeks. However, on the exchange rate side, the rupiah, although strengthening, still hovered at the level of Rp 17,010 per US dollar and even briefly touched Rp 17,090 per USD. What is the analysis of the Indonesian financial market movements? For more details, watch the discussion by Syarifah Rahma with FX Analyst from CNBC Indonesia, Elvan Chandra Widyatama, in Power Lunch, CNBC Indonesia (Wednesday, 08/04/2026).