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Bank Negara defends ringgit amid political storm

Thanks to central bank's damage limitation, unit has lost only 0.8% since Friday, but it has weakened past old currency peg of 3.80 per US dollar

Published Tue, Jul 7, 2015 · 09:50 PM
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Singapore

MALAYSIA'S central bank intervened for a third successive trading day on Tuesday to support the ringgit currency, traders said, as corruption allegations swirled round Prime Minister Najib Razak, raising doubts over his grip on power.

Thanks to Bank …

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