Rupiah closed at the level of 12,088 per US dollar gaining from the level of 12,109 earlier.
Chief researcher of Monex Investindo Futures, Ariston Tjendra, said ahead of the meeting in January 28-29 of the Federal Open Market Committee (FOMC) rupiag tended to strengthen though limited.
"In short term rupiah would likely to remain stable," Ariston said.
He said the gain was limited as the market players are still worried over the impact of the US central banks decision to cut its bond buying program to follow positive indications made in the US economic recovery.
"Improved US economic condition would strengthen the dollar over the majority iof the global currencies including rupiah," he said.
Financial observer from Bank Himpunan Saudara, Rully Nova, said Indonesias economic projection being stable help maintain the stability of the domestic financial market.
"Currently the volatility of rupiah tends to be stable and the countrys economic fundamentals are conducive," Rully said.
He said the countrys financial reserves have continued to rise and greater optimism that the reserves would rise further serves a positive sentiment.
Bank Indonesia middle rate showed that rupiah weakened on Tuesday to the level of 12,122 per US dollar from 12,110 earlier.(*)
Editor: Heru Purwanto
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