Baht under political influence: BOT
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Bank of Thailand governor Prasarn Trairatvorakul said political activities will influence the foreign exchange rates in a short term.
However, whether this will affect consumption and investment depends on the outcome of the political rally, he said.
"Political development now becomes one of the domestic risk factors," he said.
The Thai baht on Monday strengthened against US dollar to 31.29 at the open, according to Bank of Thailand data. At the rate, it is 0.10 per cent higher from 31.32 at the end of July and 0.37 per cent against Friday’s closing of 31.41.
It opened at 41.4999 against euro and 31.57 against Japanese yen.
