Ringgit opens higher against dollar


KUALA LUMPUR: The ringgit opened higher against the US dollar on strong buying support for the local unit.

At 9.16 am, the local unit was quoted at 3.5675/5705 versus the greenback compared with 3.5790/5830 at 5 pm on Friday. 

The domestic unit traded mostly mixed against other major currencies. 

The local unit fell against the Singapore dollar to 2.6783/6808 from 2.6767/6811 on Friday but rose against the British pound to 5.4140/4204 from 5.4193/4268 previously. 

The ringgit also depreciated against the yen to 2.9976/0014 from 2.9947/9986 but strengthened against the Euro to 3.8764/8804 from 3.8954/9008 on Friday. - Bernama

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