M'sians looking at a 'new normal' for ringgit

Kuala Lumpur

MALAYSIANS could well be looking at a "new normal" in their currency, as the ringgit continues to languish, slipping recently to RM3.75 to the US dollar and RM2.80 to the Sing dollar.

Bank Negara governor Zeti Akhtar Aziz maintains that the softness is temporary and that the ringgit is significantly under-valued, given Malaysia's relatively sound economic fundamentals.