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Offshore ringgit trading down 70% after NDF curbs

Published Wed, Mar 29, 2017 · 09:50 PM
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Singapore

MALAYSIA is succeeding in snuffing out currency speculation - now it has to deal with the fallout.

Offshore trading in ringgit non-deliverable forwards (NDFs) has dropped by about 70 per cent since policymakers took steps in November to deter foreign banks from trading the contracts, according to EBS BrokerTec's electronic-trading platform. Now, officials are looking at easing rules …

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