KUALA LUMPUR: The ringgit extended yesterday's gains to open marginally higher against the US dollar today on persistent buying interest for the local unit amid the firmer US dollar, dealers said. At 9 am, the local unit traded at 4.0740/0770 against the greenback from 4.0750/0780 on Monday. A dealer said sentiment for the ringgit remained positive backed by expectation that Bank Negara Malaysia will raise interest rates next year. Against a basket of major currencies, the ringgit was traded mostly higher. The ringgit also strengthened against the British pound to 5.4368/4416 from Monday's 5.4487/4535 and appreciated against the euro to 4.7971/8019 from 4.8069/8116 yesterday.

Source: The Star December 12, 2017 02:03 UTC