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Risk of capital outflows expected to pressure Malaysian reserves in coming months

Analysts cite US dollar strength, high foreign ownership of government securities, 1MDB scandal

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Even though Bank Negara Malaysia's (BNM) international reserves fell less than expected in November despite the central bank shoring up the ringgit during a period of volatility, analysts say the potential for capital outflows remains significant over the coming months owing to still-high levels of foreign ownership of Malaysian government securities (MGS) and the persistent strength of the US dollar.

Kuala Lumpur

EVEN though Bank Negara Malaysia's (BNM) international reserves fell less than expected in November despite the central bank shoring up the ringgit during a period of volatility, analysts say the potential for capital outflows remains significant over the coming months owing

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