KUALA LUMPUR (Nov 8): RHB Research chief economist Lim Chee Sing said the ringgit's weakening has been partly driven by the perceived political instability in Malaysia as well as weakening economic fundamentals. "The ringgit is actually undervalued because there is quite a significant risk premium built into it. A lot has to do with the perceived risk of political instability following the 1MDB (1Malaysia Development Bhd) issues. However, Lim said the political risk premium accorded to the ringgit should narrow over time as the political landscape becomes clearer. "The fear of political instability, I think, is overblown.

Source: The Edge Markets November 08, 2016 08:55 UTC