Malaysia's ringgit crackdown deterring overseas investors
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Kuala Lumpur
MALAYSIA'S crackdown on currency speculators has come at a cost. While it successfully reduced ringgit volatility, it is threatening to discourage overseas investors.
The central bank's steps to curb trading in offshore non-deliverable forwards last year has made it harder for global funds to hedge their exposure to Malaysia,according to Macquarie Bank Ltd.
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