The Indonesian rupiah faced renewed pressure during Tuesday morning’s trading session (May 5), weakening to 17,407 per US dollar. According to Bloomberg data, the currency depreciated by 13.50 points, or 0.08 percent, against the greenback.
By 09:52 WIB, the bearish trend continued as the rupiah slid further, dropping 18.00 points or 0.10 percent to reach 17,412 per US dollar. This decline marks an all-time low for the currency in its history.
Earlier in the morning at 09:00 WIB, the exchange rate appeared to hold steady. Data from Stockbit indicated that the rupiah was trading at 17,363 per US dollar, remaining unchanged from the previous day’s closing position before the downward momentum began.
The financial volatility extended to the equity market as well. The Composite Stock Price Index (IHSG) opened in the red on Monday (May 5). Market data from Stockbit at 09:00 WIB showed the IHSG opening at 6,951, reflecting a decline of 0.15 percent.
Summary
The Indonesian rupiah experienced significant downward pressure during Tuesday morning’s trading, weakening to a historic low of 17,412 per US dollar. Initially stable at 17,363, the currency began a bearish trend that resulted in a depreciation of 0.10 percent against the greenback by mid-morning.
This financial volatility also impacted the broader market, as the Composite Stock Price Index (IHSG) opened in the red. Data indicates the index declined by 0.15 percent to reach 6,951 shortly after the market session began.