Rupiah slips to Rp18,140 against US dollar at opening
The government is preparing export earnings rule changes, while Bank Indonesia reported net foreign portfolio inflows through 23 October.
Refinitiv data showed Indonesia’s rupiah opening at Rp18,140 per US dollar on 4 November 2026, a decline of 0.03 per cent. Its closing level on 3 November was Rp18,135.
The dollar also weakened against a basket of six major currencies. At 09:00 Western Indonesian Time, the US dollar index stood at 101.368, down 0.49 per cent.
Indonesia’s government is working on revisions to export earnings rules to encourage greater conversion of exporters’ dollar receipts into rupiah. Speaking at a Financial System Stability Committee press conference on 3 November, Finance Minister Suahasil Nazara said the changes were expected to help strengthen the domestic financial market. The government has yet to detail the revisions.
At the same briefing, Bank Indonesia senior deputy governor Destry Damayanti reported US$13.23 billion in net foreign portfolio inflows between January and 23 October 2026. Net outflows in the third quarter amounted to US$0.08 billion, largely from shares. Early fourth-quarter flows returned to positive territory at US$0.04 billion, supported by government securities and Bank Indonesia Rupiah Securities.
Separately, the US Job Openings and Labor Turnover Survey published on 3 November put September vacancies at 7.523 million, up by 333,000 from August’s 7.19 million. That surpassed expectations of 7.10 million and marked a four-month high. Layoffs declined to 1.641 million, the lowest since March 2025.
