March 26, 2026 | 11:10 am
TEMPO.CO, Jakarta - The Economic Team of Bank Mandiri predicts that the exchange rate of the rupiah will move in the range of Rp16,865 - Rp16,932 per United States (US) dollar in today's trading, Thursday, March 26, 2026. Meanwhile, yesterday the rupiah closed stronger by 0.44 percent at the level of Rp16,910 per US dollar. On a year-to-date basis, the rupiah has depreciated by 1.32 percent.
According to OCE Bank Mandiri, the United States (US) stock market closed higher on Wednesday, March 25, 2026. The Dow Jones strengthened by 0.66 percent to the level of 46,429, while the S&P 500 rose by 0.54 percent to the level of 6,591.
"The US Treasury 10-year yield fell by 2.77 bps to 4.33 percent as investors assessed developments in the Middle East, amidst increasing uncertainty about the end of Iran's role," said the Economic Team of Bank Mandiri in their analysis on Thursday, March 26, 2026.
The US Dollar Index, or DXY, was observed at the level of 99.4 in yesterday's trading. OCE Bank Mandiri stated that the market is still considering the potential for de-escalation of the US conflict with Iran. The market is also said to have reduced expectations of a cut in interest rates by the US central bank, The Federal Reserve, this year.
The Economic Team of Bank Mandiri said that these developments were caused by President Donald Trump's statement claiming that the US had negotiated with Tehran and mentioning the possibility of a peace agreement. Although the claim was later denied by Iranian authorities. "As a result, world oil prices fell by 6 percent, providing some relief from concerns about a resurgence of inflation," said OCE Bank Mandiri.
Meanwhile, the Jakarta Composite Index (JCI) on the Indonesia Stock Exchange closed 2.75 percent higher at 7,302 on Wednesday, March 25, 2026. Foreign capital inflows into the capital market were recorded at Rp102.8 billion. Meanwhile, the yield on 10-year Government Securities (SBN) rose 6.9 basis points to 6.93 percent.
Read: Rupiah Weakens as Hormuz Closure Fuels Risk-Off Sentiment
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Today's Top 3 News: Why the Indonesian Rupiah Could Weaken to 20,000 per Dollar
20 jam lalu
Here is the list of the top 3 news on Tempo English today.
Rupiah Weakens as Hormuz Closure Fuels Risk-Off Sentiment
21 jam lalu
The rupiah opened lower in Jakarta on Wednesday, down 22 points, or 0.13 percent, to Rp16,920 per U.S. dollar from Rp16,898 previously.
Can Forex Restrictions Effectively Shield the Rupiah?
1 hari lalu
Bank Indonesia halves the monthly cash dollar purchase threshold to US$50,000 to curb rupiah volatility amid global geopolitical turmoil.
Why Gold Prices Drop as Iran War Continues to Rage
2 hari lalu
Despite the correction in gold prices, Ibrahim stated that the commodity will remain a safe haven asset.
Why the Indonesian Rupiah Could Weaken to 20,000 per Dollar
2 hari lalu
Analyst says Indonesia's rupiah faces growing risk as geopolitical tensions, particularly in the Middle East, threaten further depreciation.
How Bank Indonesia Plans to Keep the Rupiah Stable
6 hari lalu
Bank Indonesia's commitment to stabilizing the rupiah during the 2026 Eid holiday amid Middle East market turmoil.
Indonesia Keeps Electricity Tariffs Steady Before Eid
8 hari lalu
The government has decided not to raise electricity tariffs amid global economic turmoil to maintain the public's purchasing power.
Bank Indonesia Sets Monthly Foreign Exchange Transaction Limit at US$50,000
8 hari lalu
Starting in April 2026, Bank Indonesia will adjust foreign exchange transactions to stabilize the value of the rupiah.
Rupiah Slides to 16,970 as Iran-Israel War Uncertainty Rattles Markets
10 hari lalu
The Iran-Israel war also continues to keep oil prices at US$100 per barrel.
Rupiah Weakens as Global Oil Prices Surge
13 hari lalu
The rupiah exchange rate has weakened following the sharp rise in oil prices, briefly surpassing $100 per barrel.
