Indonesia records $3.3 bln foreign inflows in 2026: BI Governor

Jakarta (ANTARA) - Indonesia recorded US$3.3 billion in foreign portfolio inflows from January to April this year, mainly driven by inflows into Bank Indonesia Rupiah Securities (SRBI).Speaking at a press conference after a meeting of the Financial System Stability Committee (KSSK) in Jakarta on Thursday, Bank Indonesia (BI) Governor Perry Warjiyo said the inflows followed net outflows of US$1.7 billion in the first quarter of 2026.

On a year-to-date basis, SRBI recorded larger inflows than government bonds (SBN), which continued to post outflows.

"Year-to-date, inflows into SRBI reached Rp78.1 trillion, while equity outflows totaled Rp38.6 trillion. Although government bonds recorded inflows in recent weeks, year-to-date outflows still stand at Rp11.7 trillion," Perry said.

BI is implementing a strategy to strengthen the SRBI interest rate structure to attract foreign inflows and support rupiah stabilization.

Perry emphasized that BI was going all out to maintain the rupiah exchange rate through various policies, including intervention in the offshore non-deliverable forward (NDF) market as well as spot and domestic non-deliverable forward (DNDF) transactions.

"The interventions are not limited to the domestic market, not only through spot and DNDF transactions, but are carried out around the world, around the clock," Perry said.

"We intervene in the offshore NDF market. We intervene in Hong Kong, Singapore, London, and New York. This is not business as usual; we are all out," he added.

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The central bank has also relaxed restrictions on offshore rupiah-related NDF transactions for certain dealers and banks.

Perry said foreign exchange reserves remained more than sufficient to support rupiah stabilization efforts, standing at US$148.2 billion at the end of March 2026.

"Please remember that foreign exchange reserves were accumulated during times of strong inflows. That is why we use them during periods of outflows. The reserves are substantial," he said.

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Perry also emphasized that the weakening rupiah was not unique to Indonesia, as other emerging markets were also affected by geopolitical tensions in the Middle East and rising global oil prices.

"US interest rates have also risen sharply to 4.41 percent. The dollar remains strong, and foreign investors are pulling funds out of emerging markets. Those are the main global factors behind the rupiah's weakening," Perry said.