Foreign Capital Inflow to Indonesia Reached Rp690 Billion in the Third Week of July 2024

Jakarta – Bank Indonesia (BI) noted that in the third week of July 2024, foreign capital inflow to Indonesia amounted to Rp690 billion.

Based on transaction data compiled by BI from July 15 to 18, 2024, non-residents in the domestic financial market recorded a net purchase of Rp690 billion.

Foreign capital flows in the third week of July 2024, recorded foreign capital inflows in the stock market and SRBI. After the second week of July 2024, the flow of foreign capital into RI amounted to IDR 5.59 trillion.

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“Consisting of net purchases of IDR 0.67 trillion in the stock market and net purchases of IDR 0.40 trillion in SRBI, as well as net sales of IDR 0.38 trillion in SBN,” said BI Assistant Governor Erwin Haryono in his official statement quoted on July 20, 2024.

Meanwhile, Indonesia’s 5-year credit default swaps (CDS) premium rose to 74.04 bps as of July 18, 2024, from 69.58 bps as of July 12, 2024.

Thus, during 2024, based on settlement data up to July 18, 2024, there was a net sell of Rp31.10 trillion in the SBN market, a net sell of Rp2.98 trillion in the stock market and a net buy of Rp162.15 trillion in SRBI.

In addition, BI also reported the development of the exchange rate from 15 to 19 July 2024. Noted, the exchange rate as of Thursday (18/7), the rupiah closed at the level (bid) of IDR 16,150 per US dollar, and opened at the level (bid) of IDR 16,180 per US dollar on Friday (19/7).

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Then, the 10-year Government Securities (SBN) yield fell to 6.92 percent on Thursday (18/7) and stabilized at 6.92 percent on Friday (19/7).

Meanwhile, the dollar index (DXY) strengthened to 104.17 and the 10-year UST (US Treasury) yield rose to 4.202 percent. (*)

Journalist : Irawati