KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday due to a lack of market catalysts, exacerbated by global market uncertainties, dealers said. At 6 pm, the local note depreciated by 35 basis points to 4.7460/7495 against the greenback from Thursday's close of 4.7425/7460. Innes said there is a significant element of political risk weighing on the ringgit ahead of the 15th General Election, which is keeping foreign investors sidelined, hence the demand for the local note remains muted. Meanwhile, the ringgit was traded mostly lower against a basket of major currencies. The local note, however, appreciated against the British pound to 5.3231/3270 from 5.3372/3411 previously.

Source: The Star November 05, 2022 00:05 UTC