KUALA LUMPUR: The ringgit rebounded to open slightly higher against the US dollar today after two consecutive days of losses as the cheaper ringgit attracted investors, said an analyst. At 9.16 am, the local note stood at 4.3550/3595 versus the greenback from Thursday’s close of 4.3630/3650. However, another dealer said the ringgit’s gains were limited as investors remain concerned over the Bank of Japan's decision on its monetary policy. Meanwhile, the ringgit was traded higher against a basket of major currencies. The local note strengthened versus the Japanese yen to 3.3369/3406 from Thursday’s close of 3.3412/3430, and rose against the euro to 4.5828/5875 from 4.5894/5915 previously.

Source: The Star April 29, 2022 16:19 UTC