Foreign reserves keep falling
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A fall in Thailand's foreign reserves as of January 31 could have indicated the continue outflows of foreign capital.
According to the Bank of Thailand's data, foreign reserves on January 31 stood at US$166.7 billion, on top of net forward position of $22.2 billion.
In the previous week, the reserves stood at $167.2 billion while net forward position was at $22.5 billion.
Foreign investors have remained net-sellers of Thai shares. In this week alone, they sold Thai shares for Bt13.65 billion net including today's net-sell of Bt146 million. This pushed the year-to-date net sale to Bt27.32 billion.
The Thai baht has not yet reflected much of the foreign capital outflow, though.
At 5.10pm, the currency was traded at 32.79 per US dollar, unchanged from yesterday.
