{
    "success": true,
    "data": {
        "id": 2048332,
        "msgid": "bi-hedging-incentives-since-june-support-us-9-9-billion-in-inflows-1792576401",
        "date": "2026-10-21 15:48:04",
        "title": "BI: Hedging incentives since June support US$9.9 billion in inflows",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Bank Indonesia says hedging incentives introduced in June 2026, including swap and DNDF instruments, helped attract US$9.9 billion in foreign capital by 20 October. The central bank says it will continue using monetary tools to stabilise the rupiah, which weakened in October amid geopolitical tensions, tighter US monetary policy and foreign investor sentiment.",
        "content": "<p>Jakarta (ANTARA) \u2013 Bank Indonesia (BI) recorded that its hedging\nincentives, introduced in June 2026, helped support foreign capital\ninflows of US$9.9 billion as of 20 October 2026.<\/p>\n<p>The incentives cover hedging through Domestic Non-Deliverable Forward\n(DNDF) instruments with BI, as well as conventional buy-hedging swap\ntransactions with the central bank. BI has also introduced incentives\nfor local currency transaction (LCT) transactions with partner\ncountries.<\/p>\n<p>\u201cFrom June to October, we began implementing these incentive\npolicies, both in the form of swaps and DNDF, and from last June until\nnow they have succeeded in attracting inflows of up to US$9.9 billion,\u201d\nBI Governor Destry Damayanti said at a press conference in Jakarta on\nWednesday.<\/p>\n<p>BI said it remains committed to maintaining rupiah exchange-rate\nstability by continuing to optimise all monetary instruments. These\ninclude strengthening incentives to boost foreign portfolio investment\ninflows and accelerating the deepening of the money and foreign-exchange\nmarkets (PUVA).<\/p>\n<p>\u201cBank Indonesia continues to strengthen various policies to maintain\nrupiah exchange-rate stability against the effects of global\nvolatility,\u201d Destry said.<\/p>\n<p>After strengthening until mid-September 2026, the rupiah stood at\nRp17,985 per US dollar on 20 October, weakening by 0.61 per cent\npoint-to-point compared with its position at the end of September\n2026.<\/p>\n<p>The movement was affected by escalating geopolitical tensions in the\nMiddle East, a tightening US monetary policy stance and foreign investor\nsentiment in the stock market.<\/p>\n<p>\u201cLooking ahead, Bank Indonesia expects the rupiah to move stably,\nsupported by the central bank\u2019s commitment, attractive yields, inflation\nremaining within its target range and a still-positive domestic economic\noutlook,\u201d Destry said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-hedging-incentives-since-june-support-us-9-9-billion-in-inflows-1792576401",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}