KUALA LUMPUR: The ringgit closed lower against the US dollar today on negative investor sentiment and weaker oil prices, analysts said. He said the struggling equity market and the weaker oil prices had affected the local note’s performance. Meanwhile, the ringgit also traded lower against a basket of major currencies. It fell against the Singapore dollar at 3.0341/0454 from 3.0240/0325 at Tuesday's close and eased vis-a-vis the euro to 4.7554/7731 compared to 4.7353/7480 yesterday. The local unit also depreciated against the British pound to 5.3762/3964 from 5.3282/3427 and declined versus the Japanese yen to 4.0416/0567 from 3.9773/9876 on Tuesday.

Source: New Strait Times April 01, 2020 10:52 UTC