Financial Times FT.com

Asia currencies fall on capital control fears

By Kevin Brown in Singapore

Published: November 19 2009 18:48 | Last updated: November 19 2009 18:48

Fresh concerns emerged on Thursday about the imposition of capital controls by Asian countries, triggering significant falls in a number of currencies against the US dollar.

Senior officials in India, Indonesia and Thailand spoke publicly about the possibility, adding to speculation that other countries may follow Taiwan and Brazil in introducing restrictions on flows of hot money in search of high yields.

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