The Malaysian ringgit has hit a fresh record low against the
Singapore dollar as several regional currencies continue to stay
weak.
Just three days after softening to an all-time low of RM2.622
against the Singdollar last Thursday, the ringgit fell further to
RM2.624 at the start of this week.
It was hovering around RM2.6207 yesterday.
The ringgit's persistent weakness is not so much due to the
Singdollar gaining strength, but rather a massive outflow of
capital from emerging markets back to developed markets, experts
say.
ST
