# Not the Stock Market: Foreign Bond Flows Have a Greater Influence on the Rupiah

> A Bank Danamon economist said rupiah volatility had eased to about 4% at the end of October despite Indonesia’s five-year CDS rising to 105 basis points. He said the rupiah is more sensitive to foreign capital outflows from the bond market than from equities, estimating that a $100 million equity outflow would weaken the currency by around Rp11–Rp12 per dollar.

- Date: 2026-11-06 · published 2026-11-06T03:12:37.013Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/83296-not-the-stock-market-foreign-bond-flows-have-a-greater-influence-on-the-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Capital outflows can weaken the rupiah and raise the local cost of imported feed ingredients, but the article discusses currency sensitivity rather than an actual commodity-market disruption.

## Sources

- idxchannel.com: https://www.idxchannel.com/market-news/bukan-pasar-saham-arus-dana-asing-di-obligasi-lebih-pengaruhi-rupiah

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.