Business · Markets · 13 hrs ago
Rupiah Weakens as Rising Oil Prices Put Pressure on the Currency
On Wednesday, the rupiah weakened against the US dollar, with reports placing it at Rp17,914 to Rp17,918 per dollar at the market opening.
The currency is Indonesia’s money, and its value can shift as global markets and investor expectations change.
Analyst Lukman Leong said rising global oil prices were adding pressure on the rupiah.
Oil prices rose after an attack targeted an administrative building belonging to Saudi Aramco in Dhahran, Saudi Arabia; officials reported a small fire and no injuries or deaths.
A weaker US dollar and lower US government bond yields offered some support, while investors awaited US inflation data due later that day.
The rupiah was expected to trade between Rp17,850 and Rp17,950 per dollar, with limited further weakening possible.
The rupiah weakened against the US dollar on Wednesday, October 14, 2026.
CNN Indonesia reported it at Rp17,914 per dollar, down 14 points or 0.08 percent from the previous close.
Tempo reported the rupiah at Rp17,918 per dollar at the opening, down 18 points or 0.10 percent from the previous close.
Analyst Lukman Leong said rising global oil prices were putting pressure on the currency.
He expected the rupiah to trade between Rp17,850 and Rp17,950 per dollar.
- Who
- The Indonesian rupiah weakened against the US dollar; analyst Lukman Leong commented on its outlook.
- What
- The rupiah fell, with reports giving its rate as Rp17,914 and Rp17,918 per dollar.
- When
- Wednesday, October 14, 2026.
- Where
- Indonesia; the articles reported the currency's value against the US dollar.
- Why
- Lukman Leong cited rising global oil prices as pressure, while a weaker US dollar index and lower US Treasury yields offered support.
This story does not have two clearly opposing sides.
Saudi Arabia's Energy Ministry said an administrative building belonging to Saudi Aramco in Dhahran was targeted in an attack, sparking a small fire.
The rupiah weakened against the US dollar in morning trading.
- CNN Indonesia rate
- Rp17,914 per US dollar
- Tempo rate
- Rp17,918 per US dollar
- CNN Indonesia change
- Down 14 points, or 0.08 percent
- Tempo change
- Down 18 points, or 0.10 percent
- Forecast range
- Rp17,850–Rp17,950 per US dollar
2 sources
What people are saying
The rupiah is expected to consolidate with the potential for limited weakening, pressured by the renewed rise in global oil prices
Investors still tend to wait and see in anticipation of US inflation data tonight