KUALA LUMPUR: The ringgit extended last week’s upward momentum to open higher against the US dollar this morning backed by positive sentiment for the local currency.
At 9.05am, the local note was at 4.1850/1890 against the greenback compared with Friday's close of 4.1860/1900. A dealer said despite a better dollar sentiment, demand for the ringgit remained intact after FTSE Russell decided to keep Malaysia on its benchmark World Government Bond Index (WGBI), along with China.
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