BI Notes, Foreign Funds Out Of Capai Rp13.61 Trillion In The First Week Of March 2024

Illustration of Indonesian bank (doc BI)

JAKARTA Bank Indonesia (BI) noted that there is a foreign capital outflow from domestic finance on March 4, 2024 to March 8, 2024, non-residents in the domestic financial market recorded a net sale of IDR 13.61 trillion.

Head of the Communication Department of Bank Indonesia Erwin Haryono said foreign funds came out of the state securities market (SBN), stock market, and Bank Indonesia Rupiah Securities (SRBI).

"Selling net Rp10.42 trillion in the SBN market, selling net Rp0.57 trillion in the stock market, and selling net Rp2.62 trillion in the Bank Indonesia Rupiah Securities (SRBI)," he explained through an official statement, quoted on Sunday, March 10.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 7 Maret 2024, nonresident jual neto Rp12,51 triliun di pasar SBN, beli neto Rp17,88 triliun di pasar saham, dan beli neto Rp25,35 triliun di SRBI.

In line with these developments, Erwin said that the CDS Indonesia premium 5 years as of March 7, 2024 was 69.12 bps, an increase compared to March 1, 2024, was 67.80 bps.

Meanwhile, the yield rate of SBN 10 years on Friday 8 March 2024 fell at 6.61 percent.

Meanwhile, the rupiah exchange rate on Friday morning, March 8, 2024, opened at a level (bid) of Rp. 15,630 per US dollar, compared to the close of Thursday, March 7, amounting to Rp. 15,650 per US dollar. Meanwhile, the US dollar index weakened to the level of 102.82 at the end of trading.

In addition, at the close of Thursday 7 March, the 10-year Yield UST (US Treasury) fell to a level of 4.083 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.