The Jakarta Composite Index (JCI) Plummeted 8 Percent, with the Rupiah Dropping Below Rp18,021 per US Dollar.
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The rupiah weakened against the US dollar at the opening of trading on Friday (October 16, 2026) by 83 points, or 0.46 percent, to Rp18,021 per US dollar, compared to the previous close of Rp17,938 per US dollar. Josua Pardede, Chief Economist at Permata Bank, assessed that the rupiah's weakening was influenced by the MSCI consultation report regarding the potential reclassification of the Indonesian stock market.
The rupiah weakened to Rp18,068 per US dollar following MSCI's proposal to downgrade Indonesia's stock market. Economists recommended intervention to stabilize the exchange rate.
FAJAR.CO.ID, JAKARTA - Bank Indonesia (BI) menyebut akan terus hadir di pasar keuangan untuk menjaga...
Rupiah Weakens 83 Points on Friday Morning, Exchange Rate Reaches Rp18,021 per US Dollar
JPNN.com, JAKARTA - Permata Bank Chief Economist Josua Pardede assessed that the weakening of the rupiah was influenced by a consultation report from global stock index provider, Morgan Stanley Capital International (MSCI), regarding the potential reclassification of the Indonesian stock market.
The rupiah exchange rate against the US dollar weakened/strengthened on Friday morning (October 16th). According to Bloomberg spot data, the rupiah was at 18,024 per US dollar.
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