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Ringgit continues to slide despite curbing of NDF trades

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The ringgit has fallen to 4.3935 to the USD and 3.1055 to the SGD.

Kuala Lumpur

A MOVE by Malaysia's central bank to restrict NDF trades could help reduce ringgit volatility but analysts say it could also send the wrong signals about investing in the country.

The move comes as the ringgit continued to slip against most currencies, falling to 4.

sentifi.com

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