RRI.CO.ID, Jakarta - The rupiah opened trading in Jakarta on Monday, January 26, 2026, with modest gains, strengthening by 36 points, or 0.21 percent, to IDR 16,784 per US dollar, up from IDR 16,820 previously, following weaker-than-expected economic data from the United States.

Currency analyst Lukman Leong of Doo Financial Futures said the rupiah’s appreciation was driven by a renewed sell-off in the US dollar after the release of soft US economic indicators.

“The rupiah has the potential to strengthen against the US dollar, which has again come under pressure following weaker US economic data,” Lukman said on Monday, as quoted by Antara.

Data showed that the US Purchasing Managers’ Index (PMI) stood at 51.9, below the market forecast of 52. Meanwhile, US consumer inflation expectations eased to 4 percent, lower than the expected 4.2 percent.

The rupiah also drew support from Bank Indonesia’s (BI) continued commitment to maintaining exchange rate stability, which has helped bolster market sentiment. Lukman said the central bank typically intervenes through the spot market, bond market, and non-deliverable forward (NDF) instruments.

Previously, BI Governor Perry Warjiyo reaffirmed the central bank’s readiness to conduct large-scale interventions through offshore NDFs, domestic non-deliverable forwards (DNDF), and the spot market to support the rupiah.

Bank Indonesia remains confident that the rupiah will stay stable with a strengthening bias, supported by attractive yields, low inflation, and solid economic growth prospects. The central bank has also said Indonesia’s foreign exchange reserves are more than sufficient to support exchange rate stabilization efforts.

Based on these factors, analysts expect the rupiah to trade between IDR 16,750 and IDR 16,900 per US dollar during the session. ***