Business · Markets · 1 hr ago
Rupiah Edges Higher as Oil Prices and US Dollar Index Fall
The Indonesian rupiah strengthened slightly against the US dollar at the opening of trading on Monday, October 12, 2026.
It reached Rp17,894 per dollar, compared with Rp17,899 at the previous close.
An analyst said lower oil prices and a weaker US dollar index helped support the currency.
Those markets fell after US President Donald Trump spoke about an energy agreement with Russia, which has said it is ready to supply more diesel and oil to global markets.
Bank Indonesia also absorbed Rp30 trillion through an auction of securities, which the analyst said could help keep the rupiah stable.
Market participants remain concerned about consumer confidence and the handling of disasters and fires in Kalimantan and Sumatra.
The analyst expected the rupiah to trade between Rp17,870 and Rp17,900 that day.
The rupiah strengthened by 5 points, or 0.03 percent, to Rp17,894 per US dollar at the opening of trading on October 12, 2026.
An analyst attributed the gain to falling oil prices and a lower US dollar index.
Brent crude futures fell 0.91 percent to US$103.95 per barrel, while the dollar index slipped to 102.2.
Bank Indonesia’s SRBI auction absorbed Rp30 trillion, which the analyst said could help maintain rupiah stability.
The analyst also cited consumer confidence and disaster and forest-fire management in Kalimantan and Sumatra as concerns for market participants.
- Who
- The rupiah and the US dollar. Bank Woori Saudara analyst Rully Nova commented on the move.
- What
- The rupiah rose 5 points, or 0.03 percent, to Rp17,894 per dollar.
- When
- At the opening of trading on Monday, October 12, 2026.
- Where
- Jakarta, Indonesia.
- Why
- Falling oil prices and the US dollar index supported the rupiah, according to Rully Nova.
This story does not have two clearly opposing sides.
The rupiah is expected to strengthen slightly today, trading within the Rp17,870–Rp17,900 range, influenced by the global drop in oil prices and the dollar index
However, the consumer confidence index and the handling of disasters and forest and land fires (in Kalimantan and Sumatra) remain points of concern for market participants
Russian President Vladimir Putin and US President Donald Trump held a telephone conversation about Russia’s readiness to supply oil and petroleum products.
The rupiah strengthened at the opening of trading, reaching Rp17,894 per US dollar.
- Rupiah opening rate
- Rp17,894 per US dollar
- Change
- Up 5 points, or 0.03 percent
- Previous close
- Rp17,899 per US dollar
- Brent crude futures
- Down 0.91 percent to US$103.95 per barrel
- US dollar index
- 102.2
- SRBI auction
- Absorbed Rp30 trillion
Sources
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