Rupiah Opens Slightly Stronger Against US Dollar at Rp17,690

Jakarta, CNBC Indonesia — The rupiah opened stronger against the US dollar at the start of the week on Monday, 25 May 2026. The rupiah’s strengthening coincided with a weaker US dollar in global markets.

According to Refinitiv data, the Indonesian rupiah opened in positive territory with a 0.06% appreciation to Rp17,680 per US dollar.

This reverses the rupiah’s position from last week’s trading. On Friday, 22 May 2026, the rupiah closed 0.28% weaker at Rp17,690 per US dollar.

Meanwhile, the US Dollar Index (DXY), which measures the greenback’s strength against six major global currencies, weakened. By 9:00 AM WIB, the DXY fell 0.26% to 98.981.

The rupiah’s movement today is expected to be heavily influenced by external sentiment, particularly the dynamics of the US dollar in global markets. Pressure on the US dollar has emerged amid hopes that negotiations between the US and Iran are showing progress.

This sentiment also pushed oil prices below $100 per barrel, despite the Trump administration tempering expectations that a deal with Iran could be reached soon.

These conditions have pressured the US dollar at the start of the week. The greenback’s weakness has created room for other currencies, including the rupiah, to strengthen.

Domestically, Finance Minister Purbaya Yudhi Sadewa affirmed efforts to strengthen the rupiah against the US dollar. He stated the rupiah is targeted to move towards Rp15,000 per US dollar from its current level above Rp17,000.

Purbaya said he would introduce new measures this week to bolster the rupiah. In this context, he also mentioned the new Foreign Exchange from Natural Resource Exports (DHE SDA) regulation, effective from 1 June 2026.

The new DHE SDA regulation is expected to keep more foreign exchange from commodity exports, such as coal and palm oil, within the country.

In addition to the DHE regulation, the government has implemented a rupiah stabilisation programme through bond market interventions. This policy aims to keep bond yields stable amid foreign capital outflows.

Last week, the government conducted interventions by purchasing around Rp2.2 trillion in secondary market Government Securities (SBN).