KUALA LUMPUR, March 6 -- The low ringgit rate is not a reflection of the economy, said Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.

In an interview with CNBC, Zafrul said that the all-time low of the ringgit in 26 years was a result of several factors, but the primary one being the interest rate differential between Malaysia and the United States and other countries.

"Malaysian interest rates are around 3 per cent, but when you look at the fundamental economy, the numbers, the economy, when you look at our unemployment rate... We look at our inflation rate at 2.5 per cent, growth last year around 3.7 per cent, unemployment is around 3.3 per cent. And this year growth is projected to be four to 5 per cent....