The figure was derived from net foreign capital inflows of Rp210 billion into the government bond (SBN) market and Rp2.81 trillion into the stock market, executive director and chief of the BI’s communication department, Erwin Haryono, informed in a written statement released here on Friday.
Overall, in the year ended October 27, net capital inflows into the stock market reached Rp74.73 trillion, while net capital outflows from the government bond (SBN) market crossed Rp177.08 trillion.
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BI noted that the country's five-year credit default swap (CDS) dropped from 156.97 basis points (bps) as of October 21 to 136.22 bps as of October 27.
With the drastic rise in capital inflows, the rupiah's exchange rate against the US dollar strengthened to 15,555 per dollar in Friday's first trading session compared to 15,565 per dollar the previous day, according to BI.
The rupiah's appreciation was also inseparable from the US dollar index (DXY), which weakened to a level of 110.59.
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DXY is an index that tracks the movement of the US dollar against six other major currencies: the euro, yen, pound sterling, Canadian dollar, krona, and franc.
Further, the yield on 10-year Indonesian government bonds (SBN) also fell to 7.49 percent from 7.55 percent.
The spread yield on the country's debts was far higher than the yield on the 10-year US treasury notes, which dropped to 3.919 percent.
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Translator: Agatha Olivia Vi, Suharto
Editor: Fardah Assegaf
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