News & Articles Rising demand for local currency, Ringgit opens at 4.21 against USD today
Rising demand for local currency, Ringgit opens at 4.21 against USD today
2 Dec 2015
KUALA LUMPUR, DEC 2, 2015:
The ringgit opened higher in early session against the US dollar this morning on renewed demand for the local currency.
At 9.00 am, the ringgit was quoted at 4.2180/2230 against the greenback versus 4.2300/2350 on Tuesday.
A dealer said the better demand for the ringgit was in tandem with the improved performance on the equities market.
The local unit was also higher against other major currencies. It eased against the Singapore dollar to 3.0002/0059 from 3.0000/0053 on Tuesday and appreciated against the yen to 3.4321/4375 from 3.4390/4439 yesterday.
The local currency rose against the British pound to 6.3561/3645 from 6.3949/3033 and increased against the euro to 4.4804/4865 from 4.4863/4929.
The ringgit opened higher in early session against the US dollar this morning on renewed demand for the local currency.
At 9.00 am, the ringgit was quoted at 4.2180/2230 against the greenback versus 4.2300/2350 on Tuesday.
A dealer said the better demand for the ringgit was in tandem with the improved performance on the equities market.
The local unit was also higher against other major currencies. It eased against the Singapore dollar to 3.0002/0059 from 3.0000/0053 on Tuesday and appreciated against the yen to 3.4321/4375 from 3.4390/4439 yesterday.
The local currency rose against the British pound to 6.3561/3645 from 6.3949/3033 and increased against the euro to 4.4804/4865 from 4.4863/4929.
Source: Therakyatpost.com