BI Reveals Foreign Fund Flow Out Of Capai IDR 2.84 Trillion On The Second Week Of October 2024

Bank Indonesia (doc BI)

JAKARTA Bank Indonesia (BI) noted that there is a foreign capital outflow to domestic finance from 7 October to 10 October 2024, non-residents in the domestic financial market recorded net sales of IDR 2.84 trillion.

Executive Director of the Communication Department, Ramdan Denny Prakoso, said that foreign funds came out from the stock market, and the Rupiah Bank Indonesia Securities (SRBI).

"Consisting of net sales of Rp4.47 trillion in the stock market, buying net worth of Rp4.37 trillion in the SBN market, and selling net amounting to Rp2.73 trillion in the Bank Indonesia Rupiah Securities (SRBI)," he explained through an official statement, quoted on Sunday, October 13.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 10 Oktober 2024, nonresident tercatat beli neto sebesar Rp46,68 triliun di pasar saham, Rp41,19 triliun di pasar SBN dan Rp193,51 triliun di SRBI.

In the second semester of 2024, non-residents recorded a net purchase of IDR 46.33 trillion in the stock market, IDR 75.15 trillion in the SBN market and IDR 63.16 trillion in SRBI.

In line with these developments, Ramdan said that the Indonesian CDS Premium 5 years as of October 10, 2024 was 68.30 bps, an increase compared to October 4, 2024, amounting to 67.25 bps.

Meanwhile, the 10 year SBN (State Securities) yield rate on Friday, October 11, 2024 fell at 6.65 percent. Meanwhile, at the close of Thursday, October 10, Yield SBN 10 years rose to 6.67 percent.

Meanwhile, the rupiah exchange rate on Friday morning, October 11, 2024, opened at the level (bid) of Rp. 15,640 per US dollar, while at the close of Thursday, October 10, it was Rp. 15,660 per US dollar. Meanwhile, the US dollar index strengthened to the level of 100.56.

In addition, at the close of Thursday, October 10, Yield UST (US Treasury) 10 years rose to the level of 4.062 percent.

Ramdan conveyed that based on developments in global and domestic economic conditions, Bank Indonesia continues to strengthen coordination with the Government and relevant authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability to support sustainable economic growth.