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fxJul 20, 2026, 4:45 AM

Indonesian Rupiah Declines on Fuel Shortage Fears

The Indonesian rupiah weakened against the US dollar as fuel shortages amplify concerns over fiscal strain, ending a four-day recovery.

USDIDR

The Indonesian rupiah (IDR) fell against the US dollar during Asian trading on Monday, halting a four-day winning streak. USD/IDR traded around 18,020, as the pair appreciated amid headwinds for the rupiah.

Rising crude oil prices and domestic fuel shortages have intensified fiscal strain on Indonesia's economy, weighing on the currency. The market is assessing the impact of higher energy costs on the government's budget and trade balance.

Source: FXStreet Forex News

Indonesian Rupiah Declines on Fuel Shortage Fears · TradersWeek