Ringgit to recover gradually over time

At 9.15 am(0115gmt), the ringgit was quoted at 4.1365/1400 versus the greenback against 4.1330/1390 on Monday. (A money changer counts ringgit at a shop in Putrajaya, outside Kuala Lumpur - Reuters filepic)

KUALA LUMPUR: The ringgit, which has strengthened in July and remained stable in the first week of August, is expected to recover gradually over time, according to RHB Research.

The research house said the ringgit had overshot on the downside from its fundamental.