BI Records Foreign Capital Flow Entering Indonesia IDR 1.67 Trillion In A Week

Rupiah (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) reported that foreign capital flows entered Indonesia amounting to Rp1.67 trillion in the period 18-21 September 2023.

Executive Director of the BI Communication Department Erwin Haryono said the value consisted of foreign capital entering the stock market worth IDR 1.38 trillion and at the Bank Indonesia Rupiah Securities (SRBI) IDR 1.32 trillion. Meanwhile, foreign capital came out of the State Securities (SBN) market of IDR 1.03 trillion.

Thus, from January 1 to September 21, 2023, the net foreign capital that entered the SBN market was IDR 75.46 trillion and in SRBI IDR 1.14 trillion, and IDR 5.05 trillion left the stock market.

quoting Antara, Erwin said that the premium investment risk or premium credit default swaps (CDS) in Indonesia for 5 years was 90.17 basis points (bps) as of September 21, 2023, an increase compared to September 15, 2023, which was recorded at 78.09 bps.

On the other hand, the rupiah exchange rate weakened on Friday morning at the level of Rp. 15,380 per US dollar from the previous Rp. 15,370 per US dollar at the close of trading Thursday (21/9/2023).

While the rupiah weakened, the US dollar index strengthened to 105.36 at the end of trading Thursday (21/9/2023).

The yield or yield of the Indonesian SBN tenor of 10 years rose to the level of 6.79 percent. Likewise, the yield of US bonds aka the 10-year US Treasury Note tenor rose to a position of 4.494 percent.

Bank Indonesia continues to strengthen coordination with the government and relevant authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability in supporting further economic recovery.