BI Reveals Foreign Fund Flow Out Of Capai Rp1.31 Trillion On The Second Week Of September

Illustration of rupiah banknotes (ANTARA)

JAKARTA Bank Indonesia (BI) noted that there is a foreign capital outflow to domestic finance from September 9 to September 12, 2024, non-residents in the domestic financial market recorded a net sale of IDR 1.31 trillion.

Assistant Governor of the Communication Department of Bank Indonesia Erwin Haryono said foreign funds released came from Government Securities (SBN) and Rupiah Securities of Bank Indonesia (SRBI).

"Selling net Rp0.18 trillion in the SBN market, buying net worth Rp2.46 trillion in the stock market and selling net Rp3.59 trillion in the Bank Indonesia Securities (SRBI) market," he explained through an official statement, quoted on Sunday, September 15.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 12 September 2024, nonresident tercatat beli neto Rp10,37 triliun di pasar SBN, Rp31,47 triliun di pasar saham, dan Rp184.03 triliun di pasar Sekuritas Rupiah Bank Indonesia (SRBI).

Based on temmen data as of September 12, 2024 in the second semester of 2024, non-residents recorded continuing inflows of Rp44.33 trillion in the SBN market, buying net worth Rp31.13 trillion in the stock market, and buying net worth Rp53.68 trillion in the Bank Indonesia Securities market (SRBI).

In line with these developments, Erwin said that the Indonesian CDS Premium 5 years as of 12 September 2024 was 69.63 bps, down from 6 September 2024 of 70.45 bps.

Meanwhile, the 10 year SBN (State Securities) yield rate on Friday, September 13, 2024 was relatively stable at 6.57 percent. Meanwhile, at the close of Thursday, September 12, Yield SBN 10 years fell to 6.58 percent.

Meanwhile, the rupiah exchange rate on Friday morning, September 13, 2024, was opened at the level (bid) of Rp. 15,400 per US dollar, while at the close of Thursday, September 12, it was Rp. 15,425 per US dollar. Meanwhile, the US dollar index strengthened to the level of 101.37.

In addition, at the close of Thursday, September 12, the 10-year Yield UST (US Treasury) fell to a level of 3.674 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.