{
    "success": true,
    "data": {
        "id": 1800354,
        "msgid": "bi-details-factors-behind-rupiah-exchange-rate-strengthening-1781265185",
        "date": "2026-06-12 17:54:14",
        "title": "BI Details Factors Behind Rupiah Exchange Rate Strengthening",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Finance",
        "summary": "Bank Indonesia (BI) has outlined the policy mix and external factors that contributed to the rupiah's 0.84 percent appreciation against the US dollar, closing at Rp 17,865 on 12 June 2026. The central bank highlighted positive capital inflows into domestic instruments, including SRBI and government bonds, as well as a successful Danantara global bond issuance. BI also emphasised enhanced financial cooperation with China and Hong Kong to reduce dollar dependency and support external resilience.",
        "content": "<p>Bank Indonesia (BI) Senior Deputy Governor Destry Damayanti stated\nthat the rupiah exchange rate on Friday, 12 June 2026, closed at Rp\n17,865 per US dollar, strengthening by 0.84 percent compared to the\nclosing level of Rp 18,010 on 5 June 2026. She said this development\nreflects a positive market response to BI\u2019s policy mix, which includes\nraising the BI-Rate to 5.50 percent, strengthening the SRBI interest\nrate structure, providing hedging swap incentives for foreign investors,\nand opening repo access to support banking liquidity, as well as\nincreasing the intensity of monetary operations in both rupiah and\nforeign exchange. These measures are also supported by close synergy\nbetween BI and the Government. Following the BI Rate increase, foreign\ncapital inflows have shown positive developments, supported by the\nattractiveness of domestic financial instruments. High global investor\ninterest is reflected in increased inflows into non-resident SRBI\ntransactions and government securities (SBN), which on 10 and 11 June\n2026 were recorded at Rp 15.11 trillion and Rp 3.91 trillion,\nrespectively. Capital inflows also occurred in Danantara\u2019s international\nbonds, with the initial sale successfully reaching Rp 26.9 trillion,\ndemonstrating investor confidence in domestic assets. External\nresilience is further strengthened through financial cooperation between\nBank Indonesia, the People\u2019s Bank of China (PBOC), and the Hong Kong\nMonetary Authority (HKMA), resulting in three agreements: synergy to\nstrengthen each country\u2019s financial resilience and broader regional\nfinancial stability, reinforcement of the Bilateral Currency Swap\nAgreement (BCSA), and a strengthened commitment to using local\ncurrencies in bilateral transactions through the expansion of Local\nCurrency Transaction (LCT). This step is expected to reduce dependence\non the US dollar and support rupiah exchange rate stability. Destry\naffirmed that Bank Indonesia will continue to be present in the market,\nconsistently and measurably optimise all policy instruments, and\nstrengthen coordination with the Government and various stakeholders to\nmaintain rupiah exchange rate stability and reinforce the external\nresilience of the Indonesian economy.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-details-factors-behind-rupiah-exchange-rate-strengthening-1781265185",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}