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Ringgit Opens Lower Against US Dollar

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KUALA LUMPUR – The ringgit opened lower against the US dollar on lack of interest ahead of the Federal Reserve open market commite meeting today to find further clues on interest rate hike indication, dealers said.

At 9.09 am, the local unit was quoted at 4.2400/2500 against the dollar from Monday’s 4.2220/2280.

The ringgit was also traded lower against other major currencies.

It depreciated against the Singapore dollar to 3.0451/0545 from 3.0298/0363 on Monday and was down versus the yen at 3.5105/5194 from 3.4913/4965 yesterday.

The local note declined vis-a-vis the pound sterling to 6.5084/5263 from 6.4749/4858 and slid against the euro to 4.6844/6963 from 4.6602/4677 on Monday. – Bernama

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