The THE IMPACT OF INFLATION, THE BI 7-DAY REPO RATE, AND THE RUPIAH EXCHANGE RATE ON THE INDONESIAN SHARIA STOCK INDEX FOR THE 2021-2024
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Abstract
The Indonesian Sharia Stock Index (ISSI) measures the price performance of all sharia-compliant stocks listed on the Indonesia Stock Exchange (IDX). This study aims to analyze external factors influencing ISSI performance during the 2021-2024 period. The external factors used in this study are inflation, the BI 7-Day Repo Rate, and the Rupiah exchange rate. The dependent variable in this study is the ISSI, while the independent variables are inflation, the BI 7-Day Repo Rate, and the Rupiah exchange rate. This research method uses classical assumption testing, hypothesis testing, and multiple linear regression. The results show that inflation, the BI 7-Day Repo Rate, and the Rupiah exchange rate influence the ISSI.
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