RRI.CO.ID, Jakarta – The Indonesian rupiah remained under pressure against the US dollar at the opening of trading on Wednesday, April 29, 2026. Bloomberg data showed the currency weakening 0.39 percent, or 67 points, to IDR 17,309 per US dollar.

On Tuesday, April 28, the rupiah closed 0.19 percent lower at IDR 17,243 per US dollar. “The rupiah remains at risk of further depreciation to IDR 17,280 per US dollar today,” said Valbury Securities currency market analyst Fikri C. Permana on Wednesday.

Fikri noted that geopolitical tensions continue to drive the US dollar, affecting other currencies, including the rupiah. He pointed to US President Donald Trump’s decision to cancel the special envoy’s delegation for ceasefire talks with Iran, which reignited tensions. Iran, in turn, stated it had no plans to meet with Washington, leaving peace negotiations at a dead end.

On the economic front, several central banks, including the Bank of Japan, have adopted a hawkish stance on monetary policy. Market participants are also awaiting the outcome of the US Federal Reserve’s meeting this week.

“Pressure in domestic financial markets remains, both in the fixed-income sector and the Jakarta Composite Index (JCI),” Fikri said. He added that significant foreign capital outflows in the stock market have weighed on the rupiah, although incoming bids for Government Bond (SUN) auctions have begun to improve.

Meanwhile, the US dollar index (DXY) edged up to 98.64, slightly higher than Tuesday’s level. (Gusti Panji/Lasti Martina)