Foreign Capital Flow Escapes From RI Rp10.23 Trillion In The First Week Of November 2024

Illustration of US dollars or foreign funds. (Pixabay)

JAKARTA Bank Indonesia (BI) recorded a foreign capital flow (nonresident) in the first week of November 2024 leaving Indonesia. BI 4-7 November schedule data shows that foreign investors' money came out of the domestic financial market amounting to Rp10.23.

Executive Director of the Communication Department, Ramdan Denny Prakoso, said that foreign funds issued (capital outflow) from the stock market, Government Securities (SBN), Bank Indonesia Rupiah Securities (SRBI).

"The net sale is IDR 2.29 trillion in the stock market, IDR 4.66 trillion in the SBN market, and IDR 3.28 trillion in the Bank Indonesia Rupiah Securities (SRBI)," he said in an official statement, quoted on Sunday, November 10.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 4 November 2024, nonresident tercatat beli neto sebesar Rp38,51 triliun di pasar saham, Rp38,86 triliun di pasar SBN dan Rp192,99 triliun di SRBI.

In the second semester of 2024, non-residents recorded a net purchase of IDR 38.17 trillion in the stock market, IDR 72.82 trillion in the SBN market and IDR 62.65 trillion in SRBI.

In line with these developments, Ramdan said that the Indonesian CDS premium 5 years as of November 7, 2024 was 67.59 bps, down from November 1, 2024, to 71.58 bps.

Meanwhile, the 10 year SBN (State Securities) yield rate on Friday morning, November 8, 2024 fell at 6.66 percent. Meanwhile, at the close of Thursday, November 7, Yield SBN 10 years rose to 6.75 percent.

Meanwhile, the rupiah exchange rate on Friday morning, November 8, opened at the level (bid) of Rp. 15,605 per US dollar, while at the close of Thursday, November 7 it was Rp. 15,730 per US dollar. Meanwhile, the US dollar index strengthened to the level of 104.51.

In addition, at the close of Thursday, November 7, Yield UST (US Treasury) 10 years fell to the level of 4.326 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.