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Bank Indonesia introduced Rupiah Securities (SRBI) because the domestic foreign-exchange market has thin participation and is dominated by interbank money markets and repos. Foreign investors have shown little interest, and the Finance Ministry has issued fewer government bonds that foreigners buy.
Portfolio investment recorded a US$2.6 billion deficit in the second quarter, reversing a prior surplus.
Weak portfolio inflows and the need for dollar supply keep pressure on the rupiah, which raises the local-currency cost of dollar-priced feed imports. The new instrument aims to attract foreign capital and could ease that pressure over time.
dw.comDetikAug 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
