In A Week, BI Records Foreign Capital Flow Entering Reaches IDR 8.21 Trillion

JAKARTA - Bank Indonesia (BI) reports that foreign capital flows in clean entry reached IDR 8.21 trillion in the domestic financial market during the period 10-13 April 2023.

"Based on transaction data from April 10'13, 2023, non-residents in the domestic financial market bought a net of IDR 8.21 trillion," said BI Communications Department Executive Director Erwin Haryono in his official statement in Jakarta, Friday.

The incoming foreign capital flow came from Rp5.12 trillion in the Government Securities (SBN) market and Rp3.10 trillion in the stock market.

From January 1 to April 13, 2023, there was a net flow of foreign capital in the SBN market of IDR 61.70 trillion, and in the stock market it was valued at IDR 7.30 trillion.

In addition, Erwin said the yield or yield of the Indonesian SBN tenor of 10 years was stable at the level of 6.61 percent. Indonesia's debt yield level is more attractive and far from the yield of US or UST Treasury Note tenor of 10 years which rose to the level of 3.445 percent.

Meanwhile, Indonesia's 5-year investment risk premium (CDS) has dropped to 85.15 basis points (bps) as of April 13, 2023 from 93.35 bps as of April 7, 2023.

Meanwhile, the rupiah exchange rate opened higher to IDR 14.680 per US dollar on Friday (14/4) compared to the position at the close of trading on Thursday (13/4) IDR 14.750 per US dollar.

Meanwhile, the US dollar index (DXY) weakened to the level of 101.01. 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.

Bank Indonesia 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.