Bank Indonesia has once again recorded an outflow of foreign capital from the domestic financial markets during the second week of July 2025, contributing to the weakening of the rupiah throughout the past week, following a period of strong capital inflows in the previous week. The Head of the Bank Indonesia Communication Department, Ramdan Denny Prakoso, stated that based on transaction data from July 7 to 10, 2025, non-resident investors posted a net sell of Rp7.90 trillion.

“This consisted of net sales worth Rp5.41 trillion in SRBI (Bank Indonesia Rupiah Securities), Rp2.34 trillion in the stock market, and Rp0.16 trillion in the government bond (SBN) market,” he explained in an official statement, quoted on Saturday (July 12, 2025). Cumulatively throughout 2025, based on settlement data up to July 10, foreign investors have recorded net sales of Rp56.24 trillion in equities and Rp35.08 trillion in SRBI instruments.

In contrast, government bonds (SBN) remain a top choice among investors, continuing to attract inflows with a net buy of Rp59.27 trillion during the past week.

Simultaneously, Indonesia’s 5-year Credit Default Swap (CDS) premium stood at 73.03 basis points as of July 10, 2025, marking a steady decrease from 73.74 basis points on July 4, 2025. The yield on 10-year government bonds also declined to 6.56%, holding steady through the end of the trading week. In line with these developments and considering the current global and domestic economic conditions, the rupiah closed at Rp16,215 per US dollar (bid) at the end of trading on Thursday (July 10, 2025), and opened at the same level the following day.

As reported by Bisnis, the rupiah closed stronger at Rp16,218 per US dollar on Friday (July 11, 2025), compared to the opening rate of Rp16,228 per US dollar. According to Bloomberg data from the previous week’s market close, the rupiah strengthened by 10 points or 0.06% to Rp16,185 per US dollar. Meanwhile, the US dollar index weakened by 0.19% to 96.99. Additionally, based on BI data, the yield on the 10-year US Treasury rose to 4.350%, accompanied by an increase in the US dollar index (DXY), which tracks the greenback against six major global currencies (EUR, JPY, GBP, CAD, SEK, CHF), reaching 97.65.

“Bank Indonesia continues to strengthen coordination with the government and other relevant authorities, while optimizing a mix of policy strategies to maintain the resilience of Indonesia’s external economy,” Denny concluded.