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Ringgit edges up after hitting all-time low against Singdollar

Published on Jan 29, 2014 2:27 PM
 
The Malaysian ringgit slumped to an all-time low against the Singapore dollar earlier this week, but recovered slightly on Wednesday amid a relief rally among emerging market currencies. -- PHOTO: BLOOMBERG

The Malaysian ringgit slumped to an all-time low against the Singapore dollar earlier this week, but recovered slightly on Wednesday amid a relief rally among emerging market currencies.

One Singdollar bought 2.611 ringgit on Wednesday, a tad down from a historical high of 2.624 on Monday.

The ringgit has now fallen some 0.6 per cent against the Singdollar since the start of the year and is down about 5 per cent in the last 12 months.

 
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