Bank Negara's reserves down less than expected

Kuala Lumpur

BANK Negara Malaysia (BNM) does not appear to have intervened too much in the currency market over the second half of November when the ringgit was roiling as its international reserves dipped by less than US$2 billion - an amount economists said was smaller than expected.

As at Nov 30, the central bank's international reserves stood at RM399.6 billion (S$128.3 billion) or US$96.4 billion - US$1.9 billion less than as at Nov 15 when it totalled US$98.3 billion.