Ringgit gets boost from foreign investments, higher oil prices

Stronger ringgit: Year-to-date, the ringgit has gained 2.05% against the US dollar, which makes the Malaysian currency one of the top performers in the region so far this year.

PETALING JAYA: The ringgit is on a roll, rising faster than its regional peers against the US dollar, as higher price of crude oil brightens Malaysia’s economic prospects.

The returning tide of foreign money into the local bonds and equity markets after a huge sell-off last year would help keep the momentum going for the ringgit, said analysts.