The investment portfolio inflows continued from October 1 to 15, 2021, with a total value of US$200 millionJakarta (ANTARA) - Foreign capital inflows to the Indonesian financial market reached US$1.3 billion in the third quarter of 2021, according to Bank Indonesia (BI). “The investment portfolio inflows continued from October 1 to 15, 2021, with a total value of US$200 million,” BI Governor Perry Warjiyo said while announcing the result of BI board of governors meeting in October 2021 here, Tuesday.
The continued foreign capital inflows which aligned with the positive perception of domestic economic prospects had pushed for the rupiah’s appreciation, he said.
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The rupiah strengthened 1.44 percent point to point and 0.33 percent on average on October 18, 2021, compared to September 2021.
In addition to the foreign investment inflows, the attractive yields on domestic financial assets, stable domestic foreign exchange supplies, and the central bank’s stability steps had also pushed for the rupiah’s appreciation, he said.
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“Given the appreciation, compared to the level at the end of 2020, the rupiah depreciated lower to 0.43 percent between early January 2021 and October 18, 2021,” he said.
The depreciation was relatively lower than that of currencies of other developing nations including India, Malaysia and the Philippines, he said.
BI kept strengthening the rupiah stability policy in accordance with its fundamentals and market mechanism by launching effective monetary operations and ensuring liquidity availability in the market, he said.
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Translator: Agatha Olivia Vi, Suharto
Editor: Fardah Assegaf
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