Sound domestic factors to limit ringgit downside

Risk assets and oil prices may be hit, taking down currencies of commodity producing countries, especially the Russian ruble, Colombian peso and ringgit, according to Bloomberg.

MARC says further fall to be capped in the medium term

PETALING JAYA: While continuous capital outflow amid global uncertainties could exert downward pressure on the ringgit, further downside to the local currency could be limited by sound domestic factors, Malaysian Rating Corp Bhd (MARC) says.