BI Reports Foreign Capital Flow Out Of Capai IDR 1.27 Trillion

Photo illustration. (Doc. Pexels)

JAKARTA - Foreign capital flows came out of the domestic financial market reported by Bank Indonesia (BI) reaching Rp1.27 trillion during the period 6-9 November 2023.

Executive Director of the BI Communication Department Erwin Haryono said, in Jakarta, Saturday, that the development came from foreign capital coming out clean in the State Securities (SBN) market worth Rp1.59 trillion and in the stock market Rp1.35 trillion, while foreign capital netized at the Bank Indonesia Rupiah Securities (SRBI) reached Rp1.66 trillion.

Thus, the net foreign capital that entered Indonesia from January 1 to November 9, 2023, became IDR 57.55 trillion in the SBN market and IDR 19.28 in SRBI, while foreign capital netized out in the stock market reached IDR 15.97 trillion.

Furthermore, the premium investment risk or premium credit default swaps (CDS) Indonesia for 5 years was recorded at 83.78 basis points (bps) as of November 9, 2023, relatively stable compared to November 3, 2023, which was 83.83 bps.

Meanwhile, as reported by ANTARA, Saturday, November 11, the rupiah exchange rate on Friday (10/11) morning weakened at the level of IDR 15,670 per US dollar when compared to the position at the close of trading on Thursday (9/11) IDR 15,650 per US dollar.

As the rupiah weakened, the US dollar index strengthened to 105.91 at the end of trading Thursday (9/11).

On the other hand, Indonesia's yield or yield SBN tenor of 10 years increased to the level of 6.81 percent. Likewise with the yield of US bonds aka the 10-year US Treasury Note tenor which rose to 4.624 percent.

BI strengthens coordination with the government and relevant authorities as well as optimizes policy mix strategies to maintain macroeconomic and financial system stability for the continued economic recovery.