Pressure on ringgit continues

KUALA LUMPUR: The ringgit yesterday surpassed the psychologically important mark of RM4.60 to the US dollar.

This brings the currency closer to its all-time historical low of 4.885 per US dollar in 1998, during the Asian Financial Crisis and just prior to when the then Prime Minister Tun Dr Mahathir Mohamad announced capital controls and also, the RM3.80 peg on the ringgit.