At 9.05 am(0105gmt), the local note was quoted at 4.3290/3350 against the greenback from 4.3170/3210 at 6pm Wednesday.
PETALING JAYA: The ringgit may stabilise further in the coming months as the US dollar weakens, with an added boost coming from a combination of foreign fund inflows and exporters converting three quarters of their earnings back into ringgit.
Although the US dollar strengthened against the ringgit yesterday, with the currency retreating from a seven-day gain tracking losses in other regional currencies, the greenback has actually declined by 2.94% since early April to yesterday.
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