{
  "id": 10621072,
  "title": "Indonesian Rupiah holds ground despite inflation, oil risks",
  "url": "https://urgent.news/2026/09/29/indonesian-rupiah-holds-ground-despite-inflation-oil-risks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T05:31:48.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/indonesian-rupiah-holds-ground-despite-inflation-oil-risks-202609290531"
  },
  "original_language": "en",
  "account": "On Tuesday, the USD/IDR exchange rate initially dipped before settling at around 18,050 during Asian trading hours. However, the currency pair might rebound due to various economic headwinds facing the Indonesian Rupiah. Investor sentiment has been undermined by concerns over global inflation, domestic fiscal risks, high oil prices, and a high-interest rate environment. In response to these currency fluctuations, Bank Indonesia (BI) officials stated that they aim to maintain market stability and ensure the Rupiah accurately reflects economic fundamentals. The central bank's interventions are being carried out consistently and sustainably, aligning with regional currencies. The Indonesian Parliament recently passed the 2027 Budget Bill, providing greater fiscal clarity. Bank Indonesia's Governor announced a strategic shift in foreign exchange operations, reducing direct spot market interventions to 30% and focusing more on non-deliverable forward (NDF) markets. The USD/IDR pair could gain further strength as the US Dollar gains momentum due to rising oil prices and expectations of further Federal Reserve policy tightening. The recent Federal Reserve rate hike and high oil prices have increased US Treasury yields to record levels, spurring market expectations of additional rate hikes. As a result, investors are positioning themselves accordingly, with the CME FedWatch Tool indicating a 70% probability of another rate hike in October.",
  "summary": "USD/IDR inches lower after opening at a bullish gap, trading around 18,050 during the Asian hours on Tuesday. However, the pair could rebound as the Indonesian Rupiah (IDR) faces headwinds stemming from broader economic pressures.",
  "key_points": [
    "USD/IDR settles at 18,050 amid inflation, oil risks",
    "BI aims to stabilize market, reflect economic fundamentals",
    "Governor shifts FX operations, reduces direct interventions"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}