Rupiah Closes at IDR 16,904 — Stronger Than Peers as Most Asian Currencies Slide
- The rupiah closed at IDR 16,904 per dollar, strengthening 7 points or 0.04% from the previous session’s close of IDR 16,911 — bucking a regional trend in which most Asian currencies weakened, with the Malaysian ringgit leading losses at -0.73%, followed by the Thai baht (-0.3%) and South Korean won (-0.28%).
- The rupiah’s outperformance is partly anchored by fiscal credibility signals: Finance Minister Purbaya Yudhi Sadewa reiterated that spending efficiency measures across ministries could save approximately IDR 80 trillion, while the National Nutrition Agency proposed reducing daily meal distribution frequency as an additional step — a move that could yield around IDR 40 trillion in savings, pending presidential approval.
IHSG Closes Down 1.89% to 7,164 as Profit-Taking Hits Blue Chips After Two-Day Rally
- The Jakarta Composite Index dropped 1.89% to close at 7,164.091, reversing gains from the prior two sessions, as selling pressure emerged across major sectors — a sharp contrast to the rupiah’s mild strengthening on the same day.
- The IHSG opened up 0.16% to 7,313 before reversing on profit-taking in blue-chip stocks, with the 7,200 level now becoming a key psychological support zone for market participants — analysts are projecting a sideways-to-consolidation range of 7,200–7,350 for Friday’s session, with a limited rebound possible if foreign net buying returns.
Antam Gold Holds at IDR 2,850,000/gram but Buyback Price Slips IDR 17,000
- Antam’s gold price held flat at IDR 2,850,000 per gram on Thursday, unchanged from the previous session — but the buyback price fell IDR 17,000 to IDR 2,490,000 per gram, widening the spread between the sell and repurchase prices to IDR 360,000 per gram.
- Today’s stability follows a sharp correction from the all-time high of above IDR 3,000,000 per gram recorded in early January 2026, with prices having since declined 5–7% as Middle East conflict fears partially eased — though investors continue to treat gold as a key safe-haven hedge amid ongoing geopolitical and currency uncertainty.
Note: Multi-source AI data analytics, acknowledging the possibility of inaccuracies.