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Malaysia Fund’s Debts Make Defending Ringgit Tougher

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Malaysia’s task in propping up Asia’s worst-performing currency just got a lot tougher.

The cost of options protecting against further ringgit declines approached a 1 1/2-year high on speculation 1Malaysia Development Bhd., the state investment fund, will need a bailout. The currency is already languishing at its weakest level since 2009 as the oil-exporting nation suffers amid sliding crude prices.