In 4 Days, BI Notes Foreign Capital Flow Of IDR 640 Billion Out Of The Republic Of Indonesia

Illustration of Rupiah (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) reported that foreign capital flows came out clean of IDR 640 billion from the domestic financial market during the period 20-23 February 2023.

"Based on transaction data from 20-23 February 2023, non-residents in the domestic financial market sold for IDR 0.64 trillion," said BI Communications Department Executive Director Erwin Haryono quoting Antara.

The foreign capital flow came from the State Securities (SBN) market worth IDR 860 billion. However, there is a flow of foreign capital entering the stock market of IDR 230 billion.

From January 1 to February 23, 2023, there was a flow of foreign capital entering cleanly in the SBN market of IDR 43.88 trillion, and foreign capital came out clean in the stock market of IDR 2.36 trillion.

In addition, Erwin said the yield of the Indonesian SBN tenor was stable at the level of 6.77 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 3.877 percent.

Meanwhile, Indonesia's 5-year investment risk premium (CDS) rose to the level of 93.89 basis points (bps) as of February 23, 2023 from 92.91 bps as of February 17, 2023.

Meanwhile, the rupiah exchange rate weakened to IDR 15,195 per US dollar on Friday (24/2) morning compared to the position on Thursday (23/2) afternoon trading IDR 15,185 per US dollar.

Meanwhile, the US dollar index (DXY) strengthened to a level of 104.60. The US dollar index is an index that shows dollar movements against six other major national currencies, namely euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.

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.