Thai baht at near 11-month low on deficit concerns; other Asian FX muted

Thailand's baht slumped to a near 11-month low on Monday pressured by a stronger dollar and concerns over a widening fiscal deficit, while equities in Southeast Asia's second-largest economy reversed course to trade marginally higher.

Elsewhere in emerging markets, the Indonesian rupiah depreciated 0.5%, hovering near its nine-month low of 15,525.00 per U.S. dollar, while shares advanced 0.5% as data showed annual inflation came in near the lower end of the central bank's target range in September.