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
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The denial comes as the rupiah crossed Rp18.000 per U.S. dollar, while the 2026 state budget still assumes Rp16.500.
Higher import costs could lift prices of food, electronics and energy, while the government speeds domestic oil output plans.
Series: Indonesia · Rupiah Record Low · 2 chapters since Jun 3The weak currency is expected to strain import-dependent industries, from pharmaceuticals to automotive, by raising input costs.
Series: Indonesia · Rupiah Depreciation · 2 chapters since Jun 4The rupiah settled at Rp18.049 per U.S. dollar as markets tracked the APBN deficit and talk of an emergency BI meeting.
In Q2, foreign inflows reached Rp60.9 trillion, led by Rp99.9 trillion in SRBI, even as stocks saw outflows.
DPR passed a revision expanding Bank Indonesia's mandate and oversight, stoking market concerns over central bank independence.