# Could the Rupiah Reach Rp21,000 Due to Speculative Stocks and MSCI?

> Hashim Djojohadikusumo, chairman of Kadin's advisory council, warned that the rupiah could fall to Rp21,000-22,000 per dollar if MSCI reclassifies Indonesia from emerging to standalone market status and foreign investors withdraw. He linked the risk to market manipulation in low-priced stocks. An INDEF economist said that range reflects a severe stress scenario.

- Date: 2026-11-04 · published 2026-11-04T03:10:38.482Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/79049-could-the-rupiah-reach-rp21-000-due-to-speculative-stocks-and-msci
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sharp rupiah sell-off would raise the cost of imported feed ingredients and could cause Indonesian feed prices to jump. The scenario is speculative, so the near-term price impact is uncertain.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- cnnindonesia.com: https://www.cnnindonesia.com/ekonomi/20261104070204-78-1423004/benarkah-rupiah-bisa-tembus-rp21-ribu-imbas-saham-gorengan-dan-msci

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