Rupiah weakens to Rp17.977 per U.S. dollar on Monday morning
Markets are now awaiting Bank Indonesia's July 22 policy meeting, with the benchmark rate expected to rise to 6 percent.
Subject
#Rupiah
Rupiah closes stronger at Rp18,091 per US dollar after S&P holds BBB
Markets are still waiting for US June inflation data and a Fed speech, while surging oil prices limit the rupiah's gains.
Earlier: S&P keeps Indonesia at BBB, stable outlook amid fiscal strainSeries: Indonesia · Sovereign Credit Rating · 3 chapters since Jul 13Rupiah weakens 25 points Monday morning to Rp18.090 per dollar
Oil prices jumped after US-Iran attacks, pressuring the rupiah; analysts see it trading between Rp18.000 and Rp18.150.
Rupiah ends down 114 points at Rp18,128 per dollar
Oil's rise to around $74-$75 a barrel and safe-haven demand for dollars added pressure on Asian currencies.
Antara News, Republika +1
Rupiah weakens to Rp17,984 per US dollar amid Middle East tensions
Analysts cite U.S. strikes on Iran and disruption in the Strait of Hormuz as pressure on the rupiah, despite higher reserves.
Antara News, Republika +1
LPS raises rupiah deposit guarantee rate to 3.75% from July 1
The higher cap also lifts BPR deposit rates to 6.25%, while foreign-currency deposits at commercial banks remain covered up to 2%.
Antara News, Republika +1
Merak ferry operators seek higher fares after costs jump
Gapasdap says fares remain 31.8 percent below HPP since the 2019 review, while ship oil prices have risen as much as 60 percent.
BI Rate at 5.75% Risks Gradual Rise in Bank Funding Costs
Economists see tighter liquidity competition as rupiah deposit rates rose to 2.70% in May, up from 2.65% in April.
Bank Indonesia raises BI-Rate 25 bps to 5.75 percent
The benchmark rate has risen 100 bps in four weeks as Bank Indonesia seeks to draw capital inflows and curb pressure on the rupiah.
Indonesia targets US$1 billion Panda Bond in China market
Issuance is set to begin next week, with a goal of selling this year after approval is submitted to the PBOC.
Republika, Antara News +2
Bank Indonesia lifts key rate to 5.75% in third hike in 4 weeks
Why it matters: The move extends a 100-basis-point tightening push to steady the rupiah after it hit a record low this month.
Antara News, Republika +2
Pertamax price rises 32% to Rp16.250 per liter in Indonesia
Longer Pertalite queues are reported, while middle-class consumers are cutting car use and switching fuel to manage costs.
Republika, Tribunnews
Health Ministry Caps Drug Price Increases at 20 Percent
Drugs covered under JKN/BPJS will not rise even as the rupiah weakens and oil prices climb, the ministry said.
CIPS says UMKM under pressure after Pertamax price hike
Small businesses face a double hit from weaker household spending and higher import raw material costs, CIPS warns.
Antara News, Tribunnews +1
Rupiah Weakens, Raising Indonesia Medical Device Costs, Slowing Demand
Imported raw materials and logistics costs climb, while 70% of ASPAKI product absorption tied to government spending also softens.
Rupiah strengthens to Rp17.930 on BI-Rate at 5.50 percent
Markets see the rate increase as drawing foreign interest, even as the dollar stays firm after stronger-than-expected U.S. PPI data.
Antara News, Republika +1
Analyst says Pertamax hike meant to support rupiah, APBN
The nonsubsidized fuel adjustment may ease energy compensation costs, while YLKI urges better service quality at gas stations.
Antara News, Tempo
BEM SI Threatens 'Reformasi Jilid II' as BIN Urges Unity
Students gave the government an 18-day deadline to stabilize the rupiah, or they plan a nationwide protest.
Tempo, Tribunnews
Danantara raises $1.5 billion in debut dollar bond sale
What's new: Orders topped $4.6 billion, letting the fund raise more than planned as Indonesia faces pressure on the rupiah.
Series: Danantara · Debut Dollar Bond Sale · 3 chapters since Jun 11Indonesia bond selloff resumes, sending 10-year yield to 7.43%
What's new: The rupiah weakened again and stocks swung lower as investors refocused on economic risks despite this week's rate hike.
Dasco urges residents to sell dollars as rupiah hits 17,941
The rupiah touched a record low of 18,201 on June 8, while the government has promised stabilization steps this week.
Danantara launched debut $1 billion bond sale in test for Indonesia
What's new: final guidance tightened to 5.35% for five-year notes and 5.95% for 10-year debt ahead of pricing.
Earlier: Indonesia's Danantara tests demand with $1 billion bond saleSeries: Danantara · Debut Dollar Bond Sale · 3 chapters since Jun 11Government grants Rp2,000/kg soybean subsidy via Bulog
The initial phase covers 250,000 tons to curb tofu and tempeh producers' costs as the rupiah weakens against the US dollar.
Antara News, CNBC Indonesia
State lenders say BI Rate 5.5 percent has not curbed loan growth
BRI, BNI, Bank Mandiri and BSI said liquidity, capital and asset quality remain strong enough to sustain lending.
Republika, Tribunnews
DEN urges Prabowo to make MBG more efficient as rupiah weakens
DEN also reported GovTech testing in 42 regions and said integrated data could lift the tax ratio to 12%-13%.
Tempo, CNN Indonesia +1
Bank Indonesia raises BI Rate to 5.5% in emergency step
The 25-basis-point off-cycle move is the first in eight years as reserves also come under pressure from market intervention.
Earlier: Rupiah opens weaker at Rp17.995 per dollar, near 18,000Series: Indonesian Rupiah · Exchange Rate Slide · 5 chapters since Jun 3Prabowo discusses rupiah at Rp18.201, MBG efficiency with DEN
Officials urged caution on second-half inflation as a weak rupiah and higher energy costs squeeze production and distribution expenses.
Earlier: Purbaya and Perry meet in DPR to strengthen coordinationSeries: Indonesia · Fiscal Monetary Coordination · 5 chapters since Jun 4Istana denies rumor Chatib Basri will replace Purbaya
Chatib Basri said he was not offered the post and that his meeting at Istana focused on the economy, not a cabinet change.
Tempo, Republika
HKI says investment in Indonesia can keep growing
Industrial estate operators say investors care more about permits, energy, zoning and infrastructure than daily currency swings.
Antara News, Tribunnews
Indonesia foreign reserves fall to $144.9 billion in May
BI said the level still covered 5.6 months of imports, despite pressure from government debt payments and rupiah intervention.
Antara News, Republika +1
Indonesia reserves fall to $144.9 billion as rupiah hits new low
Why it matters: The fifth straight monthly drop came as Bank Indonesia spent reserves to support the currency and bond market.
Rupiah weakens, businesses delay expansion, seek new markets
Firms are also lengthening production timelines, booking ships earlier and diversifying export routes to reduce risk.
Istana denies Purbaya, Perry removal rumor as rupiah hits Rp18.000
The government also denied a cabinet reshuffle and pushed closer coordination among BI, Kemenkeu, OJK and DPR.
Antara News, Tempo +3
Rupiah Tops Rp18,000 per Dollar, Minister Rejects 1998 Echo
The government is preparing closer fiscal-monetary coordination to attract inflows and preserve banking liquidity.
Republika, Antara News
Purbaya: Foreign inflows hit Rp32.8 trillion as rupiah draws focus
In Q2, foreign inflows reached Rp60.9 trillion, led by Rp99.9 trillion in SRBI, even as stocks saw outflows.
Bloomberg, Republika
Istana denies Purbaya resignation rumor, no cabinet reshuffle yet
The denial comes as the rupiah crossed Rp18.000 per U.S. dollar, while the 2026 state budget still assumes Rp16.500.
Bloomberg, Antara News +1