# Indonesian Rupiah struggles amid fiscal pressures, external risk factors

> USD/IDR rose for a second day to around 18,190 on November 3 as the rupiah weakened under fiscal pressure from higher oil prices and volatile export earnings. Bank Indonesia reaffirmed its commitment to coordinating with the government on policy.

- Date: 2026-11-03 · published 2026-11-03T09:11:36.589Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/77413-indonesian-rupiah-struggles-amid-fiscal-pressures-external-risk-factors
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rupiah weakness lifts the cost of dollar-priced feed imports for Indonesia, while higher oil prices add to fiscal strain and inflation risk.

## Read by commodity

- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-10-03 | [Indonesian rupiah falls to record low amid rising pressures \| The Straits Times](https://feedsoft.ai/events/62836-indonesian-rupiah-falls-to-record-low-amid-rising-pressures-the-straits-times.md) | -0.2% | -11.1% |
| BRENT | 2026-04-30 | [Rupee breaches 95-mark amid fresh war concerns, spike in oil prices \| Business News - The Indian Express](https://feedsoft.ai/events/20007-rupee-breaches-95-mark-amid-fresh-war-concerns-spike-in-oil-prices-business.md) | -15.3% | -21.9% |
| BRENT | 2018-06-28 | [Rupee Falls To All-Time Lows As External Risks Build](https://feedsoft.ai/events/64791-rupee-falls-to-all-time-lows-as-external-risks-build.md) | +0.7% | -4.0% |
| BRENT | 2023-10-30 | [India rupee likely to struggle despite relief for Asian peers - Markets - Business Recorder](https://feedsoft.ai/events/33909-india-rupee-likely-to-struggle-despite-relief-for-asian-peers-markets-business.md) | -4.9% | -11.5% |
| BRENT | 2026-03-23 | [Indian rupee hits record low as prolonged oil spike pressures economic outlook \| Reuters](https://feedsoft.ai/events/20449-indian-rupee-hits-record-low-as-prolonged-oil-spike-pressures-economic-outlook.md) | +1.5% | -13.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/indonesian-rupiah-struggles-amid-fiscal-pressures-external-risk-factors-202611030815

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