Ringgit among best performing Asian currencies

Robust currency: The ringgit gains 0.97% to close at 4.1310 against the US dollar as foreign capital returns to emerging Asian markets in search of higher yields.

PETALING JAYA: A combination of yuan appreciation, crude oil prices coming off their lows and shrinking likelihood of US interest rate hike this year contributed to the rise of the ringgit as one of the best performing Asian currencies.

With foreign capital returning to emerging Asian markets in search of higher yields, the ringgit gained 0.97% to close at 4.1310 against the US dollar.