Jakarta (Indonesia Window) – Indonesia’s central bank, Bank Indonesia (BI), has recorded that foreign capital outflows from the domestic financial market amounted to 5.34 trillion rupiahs (some 370.9 million U.S. dollars) during 24-27 January, 2022.

Head of the BI’s Communications Department Erwin Haryono in his official statement here on Friday (Jan. 28), said the foreign capital outflows from the state securities market worth 5.32 trillion rupiahs (about 369.5 million dollars) and from the stock market worth 0.02 trillion rupiahs (about 1.3 million dollars).

Overall, BI recorded that there was a net foreign capital outflow from the Indonesian financial market of 2.34 trillion rupiahs (some 162.4 million dollars) in the state securities market during January 1-27, 2022. At the same time there was a net foreign capital inflow of 5.72 trillion rupiahs (some 397.02 million dollars) in the stock market.

Meanwhile, Indonesia's five-year credit default swap (CDS) risk premium rose to 88.81 basis points (bps) as of January 27, 2022 from 86.60 bps as of January 21, 2022.

Erwin also noted that the yield on 10-year Indonesia’s state securities market rose from 6.44 percent late Thursday (Jan. 27) to 6.46 percent at the market opening in Friday (Jan. 28) morning.

The yield is still more attractive compared to the 10-year tenor of the United States’ bond, which rose to 1.799 percent.

BI noted that the rupiah weakened slightly on Friday morning from the level of 14,385 rupiahs per U.S. dollar to 14,360 rupiahs per U.S. dollar. Meanwhile, the U.S. dollar index (DXY) strengthened to a level of 97.26.

Reporting by Indonesia Window