FRIDAY STOCK NEWS 11/10/2019 - BI CALLED FOREIGN CAPITAL INSIDE
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Title : FRIDAY STOCK NEWS 11/10/2019 - BI CALLED FOREIGN CAPITAL INSIDE
IDR195.5 TRILLION
link : FRIDAY STOCK NEWS 11/10/2019 - BI CALLED FOREIGN CAPITAL INSIDE
IDR195.5 TRILLION
FRIDAY STOCK NEWS 11/10/2019 - BI CALLED FOREIGN CAPITAL INSIDE IDR195.5 TRILLION
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IQPlus - Bank Indonesia (BI) recorded the flow of foreign investment into domestic financial market portfolio instruments reaching Rp. 195.5 trillion from the beginning of the year to October 10, 2019.
BI Governor Perry Warjiyo said here on Friday that the realization was quite good and showed the high confidence of foreign investors in the conditions and fundamentals of the Indonesian economy.
Indonesia still enjoys the confidence of foreign portfolio investors amid the downward trend in interest rates on domestic financial instruments following the successive cut in the BI 7-Day Reverse Repo Rate to 5.25 percent.
Although the benchmark interest rate has dropped three times, the Central Bank believes that the interest rate or yield offered by financial instruments such as Government Securities (SBN) is still able to attract incoming capital.
"It shows confidence in the Indonesian economy and the return on domestic investment related to SBN is still quite strong and is evident from the continued flow of asung capital to SBN," he said. Of the total IDR195.5 trillion of foreign capital, IDR140.6 trillion was invested in SBN and IDR52.9 trillion in share instruments.
As for the past week (week to date) until October 10, 2019, foreign capital came in at Rp3.04 trillion in SBN. But along with that, there has been capital outflow of Rp360 billion from the stock market.
According to Perry, there was volatility in capital flows to stock instruments due to pressure from global economic fluctuations.
Current global conditions are still plagued by uncertainty due to the dynamics of the trade war between the US and China, falling commodity prices, and geopolitical dynamics such as large-scale protests in Hong Kong.
But the swift flow of foreign capital made the exchange rate movement quite stable. As of Friday at 15:00 WIB, the rupiah on the spot market was traded at an exchange rate of Rp14,150 per US dollar or relatively the same as Thursday's closing rate (10/10).
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Thus the article FRIDAY STOCK NEWS 11/10/2019 - BI CALLED FOREIGN CAPITAL INSIDE IDR195.5 TRILLION
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