BoT tries to slow strengthening baht

The Bank of Thailand has asked financial institutions in Thailand to halt short-term capital inflows in an attempt to stop speculation in the Thai currency, which is trading at a nine-year high.

BoT governor Tarisa Watanagase said the baht's rapid rise was partly due to the dollar's weakness, but also because of overseas investors making short-term transactions, especially in debt instruments.

"These measures aim at lessening the volatility in the foreign exchange market while minimizing the a