KUALA LUMPUR: Bank Negara Malaysia (BNM) will intervene in the foreign exchange market to stabilise the ringgit currency to stem currency movements that are deemed excessive, according to assistant governor Adnan Zaylani.
The ringgit is trading near a seven-month low. The local unit is quoted at 4.6663, up 0.2% against the US dollar at 5.46pm.
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