JAKARTA – Foreign capital inflow into Indonesia’s capital markets throughout 2024 reached IDR 212.39 trillion, according to Bank Indonesia.

This figure represents foreign net purchases (net buy) in the stock market, government bonds (SBN), and Bank Indonesia Rupiah Securities (SRBI).

Specifically, foreign net buy in the stock market amounted to IDR 15.74 trillion, in SBN IDR 34.59 trillion, and in SRBI IDR 161.99 trillion.

Net buy activity continued into the beginning of this year. Between December 30, 2024, and January 2, 2025, net buy volume in the stock market amounted to IDR 320 billion, and in SBN it was recorded at IDR 1.94 trillion. However, SRBI reported a net sell of IDR 1.17 trillion.

It is worth noting that foreign capital flows play a significant role in influencing the rupiah’s exchange rate. In a report released late last week, Bank Indonesia stated that it would strengthen the coordination and policy-mix to maintain Indonesia’s external resilience.

As of last Friday (3/1), the US Dollar Index showed a strengthening to 109.39, while the rupiah traded at IDR 16,197 per dollar. (KR/ZH)