# Rupiah Hits Record Low of Rp 18,184 on Wednesday as Oil Prices Fuel Fiscal Fears

> The rupiah weakened to a record low of Rp 18,184 per US dollar on Wednesday, October 28. Oil prices above $100 per barrel raised concerns about Indonesia's energy subsidy costs and budget deficit. Rising US rate expectations and foreign fund outflows added pressure.

- Date: 2026-10-28 · published 2026-10-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/17359-rupiah-hits-record-low-of-rp-18-184-on-wednesday-as-oil-prices-fuel-fiscal-fears
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Indonesia is a net oil importer, so high crude raises the state's subsidy bill and weakens the rupiah, which lifts the local-currency cost of imported feed ingredients such as soybean meal and corn.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- jakartaglobe.id: https://jakartaglobe.id/business/rupiah-hits-record-low-of-rp-18184-on-wednesday-as-oil-prices-fuel-fiscal-fears

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.