BI Records Net Outflow of Foreign Capital Reaching IDR 3.2 Trillion in a Week

Rupiah illustration (Photo: dock. Antara)

JAKARTA - Bank Indonesia (BI) reported that the net outflow of foreign capital in the domestic financial market reached IDR 3.2 trillion during the January 22-25, 2024 period.

Executive Director of the BI Communications Department Erwin Haryono said in Jakarta, Friday, that this value consisted of a net outflow of foreign capital in the Government Securities (SBN) market amounting to IDR 3.31 trillion and in Bank Indonesia Rupiah Securities (SRBI) IDR 0.41 trillion. However, there was net inflow of foreign capital in the stock market worth IDR 0.52 trillion.

Based on transaction data from the beginning of 2024 to January 25, 2024, total net inflow of foreign capital in the SBN market reached IDR 7.11 trillion, in the stock market IDR 7.35 trillion, and in SRBI IDR 18.92 trillion.

Furthermore, the investment risk premium or 5-year Indonesian credit default swaps (CDS) premium as of January 25 2024 was 74.11 basis points (bps), an increase compared to January 19 2024 which was 73.13 bps.

At the start of trading on Friday (26/1) the Rupiah opened down to IDR 15,825 per US dollar compared to IDR 15,820 per US dollar at the close of trading on Thursday (25/1). Meanwhile, the US dollar index strengthened to 103.57 at the end of trading Thursday (25/1).

Erwin further said that the 10-year Indonesian SBN yield was stable at 6.63 percent. Meanwhile, the yield on US debt securities, aka US Treasury Notes with a tenor of 10 years, fell to 4.118 percent.

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