Jakarta (ANTARA) - Bank Indonesia (BI) has revealed that there was a foreign capital outflow from the domestic financial market of Rp5.34 trillion during the period from January 24 to January 27, 2022.

Foreign capital outflows were recorded in the state securities (SBN) market (Rp5.32 trillion) and stock market (Rp0.02 trillion), BI communications head Erwin Haryono said in an official statement released in Jakarta on Friday.

Overall, there was a net foreign capital outflow of Rp2.34 trillion in the SBN market during the period from January 1 to January 27, he informed. For the same period, there was a net foreign capital inflow of Rp5.72 trillion in the stock market, he added.

The investment risk premium, also known as the 5-year Indonesian investment risk perception index or Credit Default Swap (CDS) index, rose to 88.81 basis points (bps) on January 27 from 86.60 bps on January 21, Haryono said.

In addition, Indonesia's 10-year government bond yield rose from 6.44 percent on Thursday (January 27) to 6.46 percent at market opening on Friday morning, he added.

The yield is still more attractive when compared to the 10-year tenor United States (US) bond yield, which rose to 1.799 percent, he informed.

Meanwhile, the rupiah weakened slightly on Friday morning from the level of Rp14,385 per US dollar to Rp14,360 per US dollar, the central bank noted. Meanwhile, the US dollar index (DXY) strengthened to a level of 97.26, it added.

Related news: Foreign exchange reserves enough to hold capital outflow: BI
Related news: Bank Indonesia anticipates capital outflow ahead of FOMC

Translator: Sanya D, Azis Kurmala
Editor: Suharto
Copyright © ANTARA 2022