Ringgit opens higher against US$

At 9 am(0100gmt), the local unit stood at 4.2900/2930 against the greenback from Monday's close of 4.2860/2890 but strengthened thereafter to 4.2860/2890 at 9.58am (0158gmt).

KUALA LUMPUR: The ringgit opened higher against the US dollar today as concern over the re-emerged possibility of US interest rate increase shifted investors' interests towards emerging currencies, including the ringgit, dealers said.

At 9.15 am, the local unit was quoted at 4.2100/2150 against the US dollar from yesterday's 4.2200/2250.

The ringgit, however, was mostly lower against other major currencies.

It eased against the Singapore dollar to 3.1091/1137 from Wednesday's 3.1080/1128 but appreciated against the yen to 3.7456/7503 from 3.7598/7653 yesterday.

The local unit declined against the euro to 4.9947/5.0019 from 4.9817/9885 yesterday and weakened against the British pound at 5.5761/5849 from 5.5645/5728 on Wednesday. - Bernama