Ringgit continues to slide despite curbing of NDF trades

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 4.3935 to the US dollar and 3.1055 to the Singapore dollar.

AffinHwang Capital head of research Chue Kwok Yan was of the view that Bank Negara Malaysia's (BNM) curbing of the f…