BI Reveals IDR 6.21 Trillion Of Foreign Funds Entering Indonesia On The Fifth Week Of August 2024

Illustration of Rupiah from Bank Indonesia. (Dok BI)

JAKARTA Bank Indonesia (BI) noted that there was an incoming foreign capital or capital inflow into domestic finance from August 26 to August 29, 2024, non-residents in the domestic financial market recorded a net purchase of IDR 6.21 trillion.

Assistant Governor of the Communication Department of Bank Indonesia Erwin Haryono said that foreign funds entering came from the stock market, Government Securities (SBN) and Bank Indonesia Securities (SRBI).

"From buying net funds of IDR 3.89 trillion in the stock market, IDR 1.56 trillion in SRBI, and IDR 0.76 trillion in the SBN market," he explained in an official statement, quoted on Sunday, September 1.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 29 Agustus 2024, nonresident tercatat beli neto Rp187,66 triliun di SRBI, Rp12,79 triliun di pasar saham, dan Rp9,20 triliun di pasar SBN.

In the second semester of 2024, based on temberment data as of August 29, 2024, non-residents recorded net purchases of IDR 57.31 trillion in SRBI, IDR 43.15 trillion in the SBN market, and IDR 12.45 trillion in the stock market.

In line with these developments, Erwin said that the Indonesian CDS Premium 5 years as of August 30, 2024 was 65.87 bps, down from August 23, 2024, of 66.86 bps.

Meanwhile, the 10 year SBN (State Securities) yield rate on Friday, August 30, 2024 rose at 6.75 percent. Meanwhile, at the close of Thursday, August 29, Yield SBN 10 years fell to 6.61 percent.

Meanwhile, the rupiah exchange rate on Friday morning, August 30, 2024 was opened at the level (bid) of Rp. 15,415 per US dollar, while at the close of Thursday, August 29, it was Rp. 15,410 per US dollar. Meanwhile, the US dollar index strengthened to the level of 101.34.

In addition, at the close of Thursday, August 29, Yield UST (US Treasury) 10 years rose to the level of 3.862 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.