Business · Markets · 2 hrs ago
Rupiah Edges Higher to Around Rp17,885 per US Dollar
The rupiah strengthened slightly against the US dollar in early trading on Monday, October 12, in Jakarta.
Two market updates put the rate at Rp17,883 and Rp17,885 per dollar.
The move came as several Asian currencies also gained against the dollar.
One analyst said lower global oil prices and a weaker dollar could help the rupiah.
He also cited hopes that diesel supply shortages may ease after Russia was said to plan daily releases at US President Donald Trump’s request.
Renewed tensions in the Middle East could limit the rupiah’s gains.
The analyst forecast a trading range of Rp17,850 to Rp17,950 per dollar for the day.
The rupiah strengthened against the US dollar in morning trading on Monday, October 12, 2026.
CNN Indonesia reported the rupiah at Rp17,885 per dollar, up 14 points or 0.08% from the previous close.
Detik reported the dollar down 0.09% to Rp17,883, compared with a previous close of Rp17,899.
Currency analyst Lukman Leong said lower oil prices and a weaker US dollar index could support the rupiah.
He said renewed geopolitical tensions in the Middle East could limit gains.
- Who
- The Indonesian rupiah and the US dollar. Currency analyst Lukman Leong commented on the outlook.
- What
- The rupiah strengthened slightly against the dollar in morning trading.
- When
- Monday morning, October 12, 2026.
- Where
- Indonesia; the reports described trading in Jakarta.
- Why
- Lukman cited falling global oil prices and the US dollar index, as well as hopes of easing diesel shortages. He said Middle East geopolitical tensions could limit the rupiah’s gains.
This story does not have two clearly opposing sides.
The rupiah is expected to strengthen against the US dollar amid falling global oil prices and the dollar index.
Gains are expected to be limited by the geopolitical situation in the Middle East, which has heated up again.
Detik reported the US dollar closed at Rp17,899.
CNN Indonesia reported the rupiah at Rp17,885 per dollar, while Detik reported the dollar at Rp17,883.
- CNN Indonesia morning rate
- Rp17,885 per US dollar
- Detik morning rate
- Rp17,883 per US dollar
- CNN Indonesia change
- Up 14 points, or 0.08%, from the previous close
- Detik previous close
- Rp17,899 per US dollar
- Lukman Leong’s forecast range
- Rp17,850–Rp17,950 per US dollar
Sources
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