(Bloomberg) -- Thailand's baht rose for a 12th day
on speculation the relaxation of rules on investor outflows
won't be enough to slow the currency's advance from the highest
in almost a decade.
The currency headed for its best week since January as
investor purchases of the nation's stocks helped push up the
benchmark equity index to a 10-year high. The government will
ease limits on how much Thais can invest abroad and boost
domestic borrowing to alleviate pressure on the baht, Finance
Minister Chalongphob Sussangkarn said yesterday.
Read more at Bloomberg Currencies News
on speculation the relaxation of rules on investor outflows
won't be enough to slow the currency's advance from the highest
in almost a decade.
The currency headed for its best week since January as
investor purchases of the nation's stocks helped push up the
benchmark equity index to a 10-year high. The government will
ease limits on how much Thais can invest abroad and boost
domestic borrowing to alleviate pressure on the baht, Finance
Minister Chalongphob Sussangkarn said yesterday.
Read more at Bloomberg Currencies News
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