Net Foreign Capital Inflow of IDR 1.62 Trillion into the Domestic Financial Market
Jakarta - Bank Indonesia (BI) has reported a net inflow of foreign capital into the domestic financial market amounting to IDR 1.62 trillion for the period of 5th to 8th August 2024. Erwin Haryono, the Head of the BI Communications Department, explained that this total comprised of IDR 2.24 trillion of net incoming foreign capital in the Government Securities (SBN) market, IDR 0.65 trillion in the stock market, and a net outgoing foreign capital in Bank Indonesia Rupiah Securities (SRBI) of IDR 1.28 trillion. Erwin also mentioned that as of August 8, 2024, the investment risk premium or 5-year credit default swaps (CDS) premium for Indonesia was 76.32 basis points (bps), a decrease from 79.25 bps as of August 2, 2024. According to settlement data up to August 8, 2024, non-residents had a net purchase in SRBI of IDR 44.16 trillion, IDR 12.20 trillion in the SBN market, and IDR 0.32 trillion in shares. On Friday, 9th August, the rupiah exchange rate opened at Rp. 15,925 per US dollar, a decrease from the closing rate on Thursday, 8th August, which was Rp. 15,890 per US dollar. Additionally, the US dollar index strengthened to 103.22 at the end of trading on Thursday, 8th August.