Monthly Market Summary April 2026

The Indonesian Rupiah weakened by 358 points to 17,353 at the end of April 2026, and this trend is expected to continue until the end of the second quarter of 2026. This condition prompted Bank Indonesia to take defensive measures, resulting in SRBI issuance reaching IDR 155.5 trillion in April 2026. Government consumption surged by 21.8% year-on-year, up from 4.5% year-on-year in Q4 2025, in line with increased fiscal spending. The performance index of Indonesian government bonds in rupiah rose by 0.79% in April 2026, despite a decline of 1.25% year-to-date. A rally was also seen in the Indonesian government bond index in USD, which increased by 1.67% month-to-date. On the equity side, Bloomberg recorded a net foreign outflow of USD 0.99 billion. Stabilization in the US Dollar Index, a decline in US Treasury yields, energy prices, and strengthening of the rupiah could serve as catalysts for a technical rebound or potential improvement in Q3 2026 following the recent sharp decline. See more on the Monthly Market Summary of April 2026.