The Flow Of Foreign Funds Entering The Republic Of Indonesia Reaches IDR 22.06 Trillion In A Week

Illustration of Rupiah, (Photo: Doc. Bank Indonesia)

JAKARTA Bank Indonesia (BI) noted that there is an incoming foreign capital or capital inflow from domestic finance from May 13 to May 16, 2024, non-residents in the domestic financial market recorded a net purchase of IDR 22.06 trillion.

Assistant Governor of the Communication Department of Bank Indonesia Erwin Haryono said foreign funds were included in both Government Securities (SBN) and Rupiah Securities of Bank Indonesia (SRBI).

"Buy net Rp5.30 trillion in the SBN market, sell net Rp2.40 trillion in the stock market, and buy net Rp19.17 trillion in the Bank Indonesia Rupiah Securities (SRBI)," he explained through an official statement, quoted on Sunday, May 19.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 16 Mei 2024, nonresident jual neto Rp42,27 triliun di pasar SBN, jual neto Rp2,05 triliun di pasar saham, dan beli neto Rp53,18 triliun di SRBI.

In line with these developments, Erwin said that the Indonesian CDS Premium 5 years as of May 16, 2024 was 68.98 bps, down from May 10, 2024, of 71.58 bps.

Meanwhile, the yield rate of SBN 10 years on Friday, May 17, 2024 fell at 6.75 percent.

Meanwhile, the rupiah exchange rate on Friday morning, May 17, 2024, was opened at the level (bid) of Rp. 15,940 per US dollar.

At the close of Thursday, May 16, it was IDR 15,920 per US dollar. Meanwhile, the US dollar index weakened to the level of 104.46 at the end of trading.

In addition, at the close of Thursday, May 16, the 10-year Yield UST (US Treasury) fell to a level of 4.375 percent.

Erwin said that based on the conventional development of Bank Indonesia, 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.