BI Records Foreign Capital Flow Entering Reaches IDR 10.97 For A Week

JAKARTA - Bank Indonesia (BI) noted that foreign capital flows were included in the domestic financial market. The amount reached IDR 10.97 trillion during 27-30 March 2023.

Executive Director of the BI Communications Department, Erwin Haryono, in his official statement in Jakarta, Friday, said that the net foreign capital flow came from the State Securities (SBN) market worth Rp. 8.37 trillion and from the stock market of Rp. 2.60 trillion.

Quoting Antara, from January 1 to March 30, 2023, there was foreign capital entering the SBN market worth IDR 54.11 trillion, and in the stock market it was IDR 1.45 trillion.

In addition, Erwin said that the yield of the 10-year SBN Indonesia tenor fell to the level of 6.79 percent. Indonesia's debt yield level is more attractive and far from the yield of UST Treasury Note tenor of 10 years which rose to the level of 3.549 percent.

Meanwhile, Indonesia's five-year investment risk premium (CDS) has dropped to 97.3 basis points (bps) as of March 30, 2023 from 108.91 bps as of March 24, 2023.

Meanwhile, the rupiah exchange rate opened higher to IDR 14,960 per US dollar on Friday (31/3) compared to the position at the close of trading on Thursday (30/3) IDR 15,045 per US dollar.

Meanwhile, the US dollar index (DXY) weakened to the level of 102.14. The US dollar index is an index that shows dollar movements against six other major national currencies, namely euro, Japanese yen, English pound, Canadian dollar, Swedish krona, and Swiss francs.

BI continues to strengthen coordination with the government and relevant authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability in order to support further economic recovery.