Baht declines as investors baulk at lack of fiscal discipline

The baht weakened to below 36 to the dollar on Monday as renewed concerns surfaced over Thailand’s fiscal discipline, following the government’s announcement on its digital wallet scheme on Friday, leading to outflows from Thai bond and stock markets, according to analysts.

The Thai currency fell to a one-week low of 36.10 baht to the greenback Monday morning, from last week’s close…