BI Reveals Foreign Funds Entered Reaching IDR 9.67 Trillion On The Third Sunday Of August 2024

JAKARTA Bank Indonesia (BI) noted that there is an incoming foreign capital or capital inflow into domestic finance from August 12 to August 15, 2024, non-residents in the domestic financial market recorded a net purchase of IDR 9.67 trillion

Assistant Governor of the Communication Department of Bank Indonesia Erwin Haryono said that foreign funds entering came from the stock market, Government Securities (SBN) and Bank Indonesia Securities (SRBI).

"Buy Rp7.36 trillion net in the SBN market, Rp2.18 trillion in the stock market and Rp0.13 trillion in SRBI," he explained in an official statement, quoted on Sunday, August 18.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 15 Agustus 2024, nonresident tercatat jual neto Rp11,54 triliun di pasar SBN, sedangkan beli neto Rp179,37 triliun di SRBI dan beli neto Rp3,36 triliun di pasar saham.

Based on data from the s.d. August 15, 2024, in the second semester of 2024, non-residents recorded net purchases in SRBI of Rp49.02 trillion, in the SBN market of Rp22.42 trillion, and in the stock market of Rp3.02 trillion.

In line with these developments, Erwin said that the Indonesian CDS premium 5 years as of August 15, 2024 was 71.80 bps, down from August 9, 2024, to 76.56 bps.

Meanwhile, the 10 year SBN (State Securities) yield rate on Friday, August 16, 2024 rose at 6.75 percent. Meanwhile, at the close of Thursday, August 15, Yield SBN 10 years fell to 6.72 percent.

Meanwhile, the rupiah exchange rate on Friday morning, August 16, 2024, opened at the level (bid) of Rp. 15,740 per US dollar, while at the close of Thursday, August 15, it was Rp. 16,690 per US dollar. Meanwhile, the US dollar index weakened to the level of 102.98.

In addition, at the close of Thursday, August 15, Yield UST (US Treasury) 10 years fell to the level of 3.91 percent.

Erwin said that based on the development of Bank Indonesia's conditions, it 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 sustainable economic growth.