BI Reveals Foreign Funds Entering Capai Rp1.01 Trillion

Illustration of money (ANTARA)

JAKARTA Bank Indonesia (BI) noted that there was a foreign capital outflow from domestic finance on February 19, 2024, to February 22, 2024, non-residents in the domestic financial market bought a net of IDR 1.01 trillion.

Head of the Communication Department of Bank Indonesia Erwin Haryono explained that foreign funds mainly entered the stock market. However, leaving the state securities market (SBN) and Bank Indonesia Rupiah Securities (SRBI).

"Non-residents in the domestic financial market bought net Rp2.08 trillion in the stock market and sold net Rp190 billion in the SBN market and sold net Rp880 billion in SRBI", he explained in an official statement, quoted on Sunday, February 25.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 22 Februari 2024, nonresident jual neto Rp5,87 triliun di pasar SBN, beli neto Rp23,26 triliun di pasar saham, dan beli neto Rp25,30 triliun di SRBI.

In line with these developments, Erwin said that the CDS Indonesia premium 5 years as of February 22, 2024 was 67.59 bps, down from February 16, 2024, amounting to 69.57 bps.

Meanwhile, the yield rate of SBN 10 years on Wednesday 23 February 2024 fell at 6.54 percent.

Meanwhile, the rupiah exchange rate on Wednesday morning, February 23, 2024, opened at the level (bid) of Rp. 15,595 per US dollar, compared to the closing of Tuesday, February 22, amounting to Rp. 15,585 per US dollar. Meanwhile, the US dollar index strengthened to the level of 103.96 at the end of trading.

In addition, at the close of Thursday, February 22, Yield UST (US Treasury) 10 years rose to the level of 4.320 percent.

Erwin said that based on the development of the Indonesian Bank's coordination with the Government and related authorities and optimizing the policy mix strategy to maintain macroeconomic and financial system stability in order to support sustainable economic growth.