The Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices.
Though tourism operators and exporters may reap benefits after the baht value fell on Thursday to 36.35 to the dollar, the lowest in almost seven years, the effect for manufacturers and consumers will not be as pleasant, said the federation.
