Higher on the day, ringgit leads

SINGAPORE: Emerging Asian currencies generally held firm on Tuesday but they have mostly fallen during March and in the first quarter as the dollar rose on expectations the U.S. Federal Reserve will raise interest rates later this year.

The Chinese yuan advanced on the back of buoyant mainland markets after authorities signalled they would act to prevent a wider economic slowdown. The renminbi was on course for its biggest monthly gain in more than three years.