Rupiah Strengthened to Rp16,851 per US Dollar on Wednesday Morning

5 hours ago 4

March 11, 2026 | 09:52 am

Illustration of Indonesian exchange currency Rupiah and US Dollar. Tempo/Tony Hartawan

TEMPO.CO, Jakarta - The rupiah exchange rate at the opening of trading in Jakarta on Wednesday strengthened by 12 points, or 0.07 percent, to Rp16,851 per US dollar, from the previous close of Rp16,863 per US dollar.

Just this Monday, on March 9, 2026, Indonesia’s rupiah weakened as global risk aversion intensified following a surge in world oil prices above $100 per barrel.

The rupiah fell 76 points, or 0.45 percent, to Rp17,001 per US dollar in early trading on Monday, reflecting growing concerns in global financial markets.

According to Lukman Leong, a currency analyst at Doo Financial Futures, the pressure on the rupiah stems from market worries that rising crude oil prices could slow global economic growth while fueling inflation.

“The rupiah is expected to weaken against the US dollar due to worsening risk-off sentiment caused by crude oil prices exceeding $100 per barrel, which is feared to have a significant impact on the global economy and inflation,” Lukman said in Jakarta on Monday, March 9, as quoted by Antara.

Oil prices have surged amid escalating geopolitical tensions in the Middle East. The conflict involving the United States and Israel with Iran has raised concerns over potential disruptions to global energy supplies.

Market uncertainty has also increased following the appointment of Mojtaba Khamenei as Iran’s new supreme leader, replacing his father, Ali Khamenei, who reportedly died earlier.

Petir Garda Bhwana contributed to the writing of this article.

Read: Indonesia to Review Free Meal Budget as Oil Prices Hit $100

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