FMC concurs ringgit is undervalued

FMC chairman and Bank Negara Malaysia deputy governor Adnan Zaylani

KUALA LUMPUR: The Financial Markets Committee (FMC) at Bank Negara concurred with the assessment that the current level of the ringgit is deemed undervalued, particularly as Malaysia's economic fundamentals remain strong, and the economic prospects are positive.

Earlier this week, Bank Negara governor acknowledged that the ringgit is undervalued.