Crucial to shore up confidence in the ringgit

Economists have continued to say Malaysia's fundamentals are sound while the currency remains undervalued.

KUALA LUMPUR: Chatter among economic circles has increasingly entertained the idea that a short-term broader measure to shore up confidence in the ringgit is becoming necessary.

This is as Bank Negara had recently said it is observing a concerning trend of increasing foreign currency holdings among Malaysian corporates, exporters and importers.