JAKARTA — Bank Indonesia (BI) has reported a renewed inflow of foreign capital into Indonesia’s financial markets, totaling Rp2.29 trillion during the third week of November 2025. This positive movement signals a return of international investor confidence in the country’s economic prospects.
Detailed transaction data from November 17 to 20, 2025, reveals that non-resident, or foreign, investors executed net purchases amounting to Rp2.29 trillion. This figure stems from significant net buys in the stock market, reaching Rp3.93 trillion, and further net purchases of Rp2.66 trillion in government securities (SBN). However, these inflows were partially offset by net sales of Rp4.3 trillion in Bank Indonesia Rupiah Securities (SRBI) by foreign investors during the same period, consistent with trends observed in preceding weeks.
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Despite the recent influx, a broader look at settlement data up to November 20, 2025, shows that foreign investors recorded cumulative net sales throughout 2025. These year-to-date figures include net sales of Rp31.17 trillion in the stock market, Rp6.52 trillion in SBN, and a substantial Rp143.83 trillion in SRBI, highlighting a complex long-term trend amidst intermittent inflows.
In response to these market dynamics, Ramdan Denny Prakoso, Head of BI’s Communications Department, reiterated the central bank’s commitment. “Bank Indonesia continues to strengthen coordination with the Government and relevant authorities, optimizing policy mix strategies to support the external resilience of the Indonesian economy,” he stated in a press release quoted on Sunday, November 23, 2025. This proactive stance aims to stabilize and bolster Indonesia’s financial health against global uncertainties.
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Further market indicators reveal shifts in investor perception. The five-year credit default swap (CDS) premium, which serves as a gauge of investor sentiment regarding default risk, stood at 75.27 basis points (bps) as of November 20. This marks an increase from 73.90 bps recorded in the prior week, November 14, indicating a slight uptick in perceived risk.
Regarding the rupiah exchange rate, Indonesia’s national currency closed at a bid level of Rp16,725 per US dollar on Thursday, November 20, 2025. The rupiah’s movement demonstrated stability, maintaining this level as it opened on Friday, November 21, 2025, reflecting a relatively steady performance against the greenback.
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Concurrently, the yield on 10-year government securities (SBN) experienced slight fluctuations. It climbed to 6.15% on Thursday, November 20, 2025, before experiencing a minor dip to 6.13% on Friday, November 21, 2025. These movements in SBN yields are closely watched as indicators of borrowing costs and investor expectations for future interest rates.
Summary
Bank Indonesia reported a renewed inflow of foreign capital into Indonesia’s financial markets, totaling Rp2.29 trillion during the third week of November 2025. This positive movement was primarily driven by significant net purchases in the stock market (Rp3.93 trillion) and government securities (Rp2.66 trillion). However, these inflows were partially offset by foreign investors’ net sales of Rp4.3 trillion in Bank Indonesia Rupiah Securities (SRBI).
Despite the recent influx, foreign investors recorded cumulative net sales year-to-date for 2025 across various instruments, indicating a complex long-term trend. Bank Indonesia reiterated its commitment to strengthening coordination and optimizing policy mixes to support the economy’s external resilience. Market indicators showed a slight increase in the five-year credit default swap premium to 75.27 basis points, while the rupiah remained stable at Rp16,725 per US dollar.