Foreign inflows into SRBI help stabilize rupiah: BI Governor

Jakarta (ANTARA) - Bank Indonesia (BI) Governor Perry Warjiyo said rising foreign investment in Bank Indonesia Rupiah Securities (SRBI), which has reached approximately US$13.3 billion, has helped support the stabilization of the rupiah.

“As of June 15, 2026, outstanding SRBI holdings reached Rp1,021.1 trillion, with non-resident ownership increasing to Rp238.1 trillion, or 23.3 percent of the total, supporting the stabilization of the rupiah exchange rate,” Warjiyo said in Jakarta on Thursday.

He noted that the rupiah closed at Rp17,730 per US dollar on Wednesday (June 17), strengthening by 0.76 percent compared with its level at the end of May 2026.

He attributed the two favorable trends to the central bank’s responsive stabilization policies designed to shield the currency from increasingly alarming global uncertainty and rising corporate foreign exchange demand at home.

The BI governor highlighted that the policies include attracting foreign portfolio investments to empower the rupiah by raising SRBI interest rates for tenors of six, nine, and twelve months.

According to SRBI auction results on June 17, the weighted average accepted rate stood at 7.12 percent for the six-month tenor, 7.33 percent for the nine-month tenor, and 7.59 percent for the 12month tenor.

He added that the central bank had also intensified intervention through foreign exchange transactions in offshore and domestic non-deliverable forward markets, as well as in the spot market.

Moreover, he noted that his team had decided to provide 10 percent incentives for hedging swaps to foreign investors to maintain their confidence and compensate for the obligations they have been bearing.

Warjiyo further underscored efforts to expand foreign exchange monetary instruments through spot and swap transactions involving the Chinese yuan (CNH) and the rupiah, building on the growing use of local currencies in international trade and investment.

“Bank Indonesia is confident that the rupiah will see its exchange rate stabilize and even strengthen, supported by our commitment, attractive yields, and Indonesia’s positive economic growth prospects,” he concluded.

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Translator: Uyu Liman, Tegar Nurfitra

Editor: Primayanti

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