# Rupiah Plunges to Rp18,089 per U.S. Dollar as Rp500 Trillion Subsidy Burden Strains the Budget

> The rupiah weakened to Rp18,089 per dollar on November 6 amid Middle East geopolitical concerns and worries about Indonesia’s fiscal position. Attacks on tankers near the Strait of Hormuz and Yanbu raised oil-supply concerns, while the article reported a September budget deficit of Rp319 trillion and said each $1-per-barrel increase in crude could add about Rp6 trillion to the budget burden.

- Date: 2026-11-07 · published 2026-11-08T03:11:55.474Z
- Category: geopolitics · region Indonesia / Middle East · magnitude medium
- Page: https://feedsoft.ai/events/86957-rupiah-plunges-to-rp18-089-per-u-s-dollar-as-rp500-trillion-subsidy-burden
- 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

Threats to oil supply can lift crude prices, increasing Indonesia’s import and subsidy costs and adding pressure to the rupiah. A weaker rupiah raises the local-currency cost of dollar-priced energy imports.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-09 | [Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass $100 mark - The Hindu](https://feedsoft.ai/events/17749-rupee-plunges-34-paise-to-95-08-against-dollar-as-crude-prices-surpass-100-mark.md) | +9.2% | +2.1% |
| WTI | 2022-02-22 | [Canadian dollar firms as oil surges on rising Russia-Ukraine tensions - The Globe and Mail](https://feedsoft.ai/events/42919-canadian-dollar-firms-as-oil-surges-on-rising-russia-ukraine-tensions-the-globe.md) | +5.3% | +23.0% |
| WTI | 2026-03-02 | [Dollar Gains as Iran Conflict Spreads. Why the Greenback Is a Haven Again. - Barron's](https://feedsoft.ai/events/10717-dollar-gains-as-iran-conflict-spreads-why-the-greenback-is-a-haven-again-barron.md) | +35.6% | +50.4% |
| WTI | 2026-09-06 | [OPEC Plus Holds Oil Production Steady as U.S.-Iran Strikes Resume - The New York Times](https://feedsoft.ai/events/17379-opec-plus-holds-oil-production-steady-as-u-s-iran-strikes-resume-the-new-york.md) | +9.3% | +3.6% |
| WTI | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +35.6% | +50.4% |
| BRENT | 2026-09-09 | [Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass $100 mark - The Hindu](https://feedsoft.ai/events/17749-rupee-plunges-34-paise-to-95-08-against-dollar-as-crude-prices-surpass-100-mark.md) | +10.8% | +4.6% |
| BRENT | 2020-01-03 | [Rupee plunges against US dollar amid spike in crude prices  - The Hindu](https://feedsoft.ai/events/55369-rupee-plunges-against-us-dollar-amid-spike-in-crude-prices-the-hindu.md) | -1.0% | -13.0% |
| BRENT | 2020-01-03 | [Rupee today falls sharply against the US dollar: 5 things to know](https://feedsoft.ai/events/55370-rupee-today-falls-sharply-against-the-us-dollar-5-things-to-know.md) | -1.0% | -13.0% |

## Sources

- inforiau.co: https://www.inforiau.co/rupiah-anjlok-ke-rp18-089-per-dolar-as-beban-subsidi-bengkak-rp500-triliun-tekan-apbn-13874

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