Ringgit slightly stronger in anticipation of rate cuts


KUALA LUMPUR: The ringgit opened slightly higher against the US dollar amid growing expectations that Bank Negara Malaysia (BNM) and the US Federal Reserve would cut interest rates soon.

The local note stood at 4.2100/2150 against the greenback from 4.2120/2180 recorded at 6 pm Friday.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Cold Storage reopens in Perak with new Ipoh outlet�
Critical clinches RM41mil data centre contract
Robust order book to boost Gamuda’s outlook
Agricommodity contributes 12.5% to exports
Norway’s US$2 trillion wealth fund shuns data centres
MiniMax, Zhipu likely to target Hong Kong IPOs�
Ambest signs underwriting deal for ACE Market IPO
Bursa makes changes to indices
‘Higher unemployment linked to govt corruption’
Coupang CEO resigns over data breach

Others Also Read