Pengaruh Nilai Tukar Rupiah dan Tingkat Suku Bunga terhadap Indeks Harga Saham Gabungan melalui Tingkat Inflasi di Indonesia

Hario Aji Hartomo (Magister Manajemen Pasca Sarjana Universitas Krisnadwipayana)
Ismail Razak (Program Magister Manajemen Pasca Sarjana Universitas Krisnadwipayana)
Munawaroh (Program Magister Manajemen Pasca Sarjana Universitas Krisnadwipayana)

Jurnal Manajemen Bisnis Krisnadwipayana
Vol 13 No 2 (2025): Jurnal Manajemen Bisnis Krisnadwipayana

This study aims to analyze the effect of exchange rate and interest rate on composite stock price index through inflation rate in Indonesia. The research method used is quantitative research with descriptive analysis, classical assumption test analysis, multiple linear regression analysis and path analysis with mediation. The results of the study show that: 1) Exchange rate has a significant negative effect on composite stock price index; 2) Interest rate also has a significant negative effect on composite stock price index;3) Inflation has a significant positive effect on composite stock price index; 4) Inflation significantly mediates the effect of exchange rate and interest rate on composite stock price index.