Malaysia's ringgit fell 0.3% to 0.3116 against the Singapore dollar, reaching its lowest level since November. Foreign stock outflows weighed on the ringgit while Singapore's currency found support from a hawkish monetary policy stance. The decline highlights diverging economic pressures between the two neighboring Southeast Asian economies.

The ringgit's depreciation reflects ongoing capital outflows from Malaysian equities, which have pressured the currency in recent weeks. Meanwhile, the Singapore dollar remains resilient due to the city-state's firm monetary policy approach aimed at managing inflation.

Market analysts are monitoring the situation closely as the currency pair approaches key psychological levels. The divergence in monetary policy between Malaysia and Singapore continues to be a dominant driver of the exchange rate movement.

The weakening ringgit could have implications for Malaysia's import costs and overall economic stability. Policymakers may face increasing pressure to intervene or adjust monetary settings if the decline persists.

Investors are assessing the broader regional currency landscape as global economic uncertainties continue to shape capital flows across Southeast Asia.