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Baht rises on BoT comment

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The baht strengthened Monday, snapping a two-day slide, as the governor of the Bank of Thailand (BoT) said steps to slow the currency's gains were not discussed at a meeting with government officials. 

Central bank governor Prasarn Trairatvorakul, Bank of Thailand monetary policy committee members and representatives of the government and private sector were at the meeting Monday.

Finance Minister Kittiratt Na-Ranong, who has repeatedly called for a cut in borrowing costs to stem fund inflows, attended as well.

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