Ringgit expected to remain volatile in 2017

This put the potential outflow from the bond market at RM55bil, based on the total foreign ownership of bonds of RM220bil as at the end of last November. The report by Malaysian Rating Corp Bhd (MARC), which focused on the country

PETALING JAYA: A rating agency estimated that as much as a quarter of foreign funds in the bond market would leave the country, if sentiment on local assets were to worsen, heaping pressure on the ringgit.

This put the potential outflow from the bond market at RM55bil, based on the total foreign ownership of bonds of RM220bil as at the end of last November.