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Ringgit opens higher against US dollar

Fresh support for the ringgit sees a higher opening for the Malaysian currency  vs the US dollar. — Reuters picFresh support for the ringgit sees a higher opening for the Malaysian currency vs the US dollar. — Reuters picKUALA LUMPUR, Nov 14 — The ringgit opened higher against the US dollar on renewed buying interest, said a dealer.

At 9.17am, the local unit stood at 4.1895/1935 against the greenback from yesterday’s close of 4.1900/1930.

Against a basket of other major currencies, the ringgit was traded mostly lower.

It fell against the Singapore dollar to 3.0767/0803 from 3.0755/0799 yesterday but rose against the Japanese yen to 3.6857/6895 from 3.6955/6992 yesterday.

The local unit eased against the euro to 4.8896/8955 from 4.8767/8819 and declined against the British pound to 5.4966/5023 from yesterday’s 5.4793/4844. — Bernama

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