# At 80, the rupiah needs credibility, not ceremony

> The article says the rupiah fell to a record low of Rp18,183 per US dollar on Oct. 28 and had depreciated 8.03% against the dollar year to date by Oct. 29. It attributes some pressure to a stronger US dollar and elevated global oil prices, while arguing that domestic institutions and investor confidence are also important factors.

- Date: 2026-11-07 · published 2026-11-07T21:10:57.581Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/86536-at-80-the-rupiah-needs-credibility-not-ceremony
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker rupiah raises Indonesia’s local-currency costs for imported feed ingredients and other agricultural inputs, potentially adding to buyer costs. The article describes broad currency pressures rather than a new commodity-specific supply or demand shift.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-09-18 | [Rupee closes at new all-time low as crude prices rise](https://feedsoft.ai/events/63323-rupee-closes-at-new-all-time-low-as-crude-prices-rise.md) | +5.8% | +4.3% |
| WTI | 2021-12-16 | [Posthaste: The loonie's not done yet. BofA sees Canadian dollar at 83 cents next year - Financial Post](https://feedsoft.ai/events/43859-posthaste-the-loonie-s-not-done-yet-bofa-sees-canadian-dollar-at-83-cents-next.md) | +2.7% | +15.7% |
| WTI | 2022-05-22 | [Volatility in rupee replaced by volatility in reserves - The HinduBusinessLine](https://feedsoft.ai/events/41689-volatility-in-rupee-replaced-by-volatility-in-reserves-the-hindubusinessline.md) | +1.9% | -2.0% |
| WTI | 2017-01-09 | [Oil Prices: What to Make of the Volatility](https://feedsoft.ai/events/73142-oil-prices-what-to-make-of-the-volatility.md) | -3.0% | -1.8% |
| WTI | 2023-07-31 | [Canadian dollar notches monthly gain as commodity currencies rally - The Globe and Mail](https://feedsoft.ai/events/35271-canadian-dollar-notches-monthly-gain-as-commodity-currencies-rally-the-globe.md) | +2.8% | -0.4% |
| BRENT | 2018-10-05 | [Indonesia considers whether more steps needed to support rupiah \| FMT](https://feedsoft.ai/events/62837-indonesia-considers-whether-more-steps-needed-to-support-rupiah-fmt.md) | -5.3% | -14.0% |
| BRENT | 2018-04-18 | [Why is the Indian rupee at a seven-month low?](https://feedsoft.ai/events/65796-why-is-the-indian-rupee-at-a-seven-month-low.md) | +4.5% | +9.8% |
| BRENT | 2017-01-09 | [Oil Prices: What to Make of the Volatility](https://feedsoft.ai/events/73142-oil-prices-what-to-make-of-the-volatility.md) | -2.8% | -0.2% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/opinion/2026/11/08/at-80-the-rupiah-needs-credibility-not-ceremony

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