Ringgit continues rise against US dollar

Ringgit continues rise against US dollar


KUALA LUMPUR,.  The ringgit opened higher against the US dollar this morning on continued buying demand for the local note.

At 9am, the ringgit was quoted at 3.8920/8970 from 3.8950/9010 on Tuesday.

However, the local unit traded lower against a basket of other major currencies.

It fell against the Singapore dollar to 2.9678/9721 from 2.9645/9692 on Tuesday, and weakened against the British pound to 5.4398/4472 from 5.4063/4161.

Vis-a-vis the yen, the ringgit was lower at 3.6476/6530 from 3.6348/6410, and weaker against the euro at 4.8234/8307 from 4.8021/8099.