Foreign Funds Out Of Capai IDR 6.68 Trillion In A Week

Illustration of Indonesian bank (doc BI)

JAKARTA Bank Indonesia (BI) noted that there was a foreign capital outflow from domestic finance on March 18, 2024 to March 21, 2024, non-residents in the domestic financial market recorded a net sale of IDR 6.68 trillion.

Assistant Governor 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 IDR 8.20 trillion in the SBN market, buying net IDR 1.77 trillion in the stock market, and selling net IDR 0.25 trillion in SRBI," he explained through an official statement, quoted on Sunday, March 24.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 21 Maret 2024, nonresident jual neto Rp24,92 triliun di pasar SBN, beli neto Rp27,94 triliun di pasar saham, dan beli neto Rp21,93 triliun di SRBI.

In line with these developments, Erwin said that the CDS Indonesia premium 5 years as of March 21, 2024 was 69.70 bps, an increase compared to March 15, 2024, amounting to 68.23 bps.

Meanwhile, the yield rate of SBN 10 years on Friday 22 March 2024 fell at 6.63 percent.

Meanwhile, the rupiah exchange rate on Friday morning, March 22, 2024, opened at the level (bid) of Rp. 15,710 per US dollar, compared to the closing of Thursday, March 21 amounting to Rp. 15,655 per US dollar. Meanwhile, the US dollar index strengthened to the level of 104.01 at the end of trading.

In addition, at the close of Thursday, March 21, the 10-year Yield UST (US Treasury) fell to the level of 4.267 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.