BI Reveals Foreign Fund Flow Out Of Capai IDR 6.63 Trillion On The Fourth Week Of October 2024

Illustration of Rupiah from Bank Indonesia. (Ist)

JAKARTA Bank Indonesia (BI) noted that there is a foreign capital outflow to domestic finance from October 21 to October 24, 2024, non-residents in the domestic financial market recorded net sales of IDR 6.63 trillion.

Executive Director of the Communication Department, Ramdan Denny Prakoso, said that foreign funds coming out came from the stock market and Government Securities (SBN).

"The net sales amounted to Rp3.01 trillion in the stock market, net sales of Rp4.53 trillion in the SBN market, and net purchases of Rp0.91 trillion in the Bank Indonesia Rupiah Securities (SRBI)," he explained through an official statement, quoted on Sunday, October 27.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 24 Oktober 2024, nonresident tercatat beli neto sebesar Rp44,48 triliun di pasar saham, Rp47,31 triliun di pasar SBN dan Rp195,39 triliun di SRBI.

In the second semester of 2024, non-residents recorded a net purchase of IDR 44.14 trillion in the stock market, IDR 81.27 trillion in the SBN market and IDR 65.04 trillion in SRBI.

In line with these developments, Ramdan said that the Indonesian CDS premium 5 years as of October 24, 2024 was 68.04 bps, an increase compared to October 18, 2024, amounting to 67.39 bps.

Meanwhile, the 10 year SBN (State Securities) yield rate on Friday morning, October 25, 2024 fell at 6.68 percent. Meanwhile, at the close of Thursday, October 24, Yield SBN 10 years rose to 6.75 percent.

Meanwhile, the rupiah exchange rate on Friday morning, October 25, 2024 was opened at the level (bid) of Rp. 15,580 per US dollar, while at the close of Thursday, October 24 it was Rp. 15,575 per US dollar. Meanwhile, the US dollar index strengthened to the level of 104.06.

In addition, at the close of Thursday, October 24, Yield UST (US Treasury) 10 years rose to the level of 4.212 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.