Ringgit higher against US$ on expected OPR increase - Business News - News Summed Up

Ringgit higher against US$ on expected OPR increase - Business News


KUALA LUMPUR: The ringgit was slightly higher against the greenback in early trading Tuesday, on market expectation that Bank Negara Malaysia will likely increase the overnight policy rate in early 2018. As at 9.04 am(1004gmt), the local unit stood at 4.0750/0800 against the US dollar from 4.0770/0800 at the close last Friday. It depreciated against the Singapore dollar to 3.0324/0366 from 3.0317/0346 last Friday and weakened against the euro to 4.8346/8421 from 4.8304/8344. The ringgit rose against the yen to 3.5947/6001 from 3.5965/5998 and improved against the British pound to 5.4487/4570 from 5.4587/4639. - BernamaThe following table shows rates for Asian currencies against the dollar at 0139 GMT(0939 Malaysian time) on Tuesday Dec 26.


Source: The Star December 26, 2017 02:03 UTC



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