KUALA LUMPUR: The ringgit opened higher against the US dollar as rising global crude oil prices bolstered the local note, amid early morning announcements by the US Federal Reserve (Fed) that it is keeping the interest rates unchanged.
At 9 am, the local unit increased to 4.3300/3400 versus the greenback from 4.3450/3500 at yesterday's close Meanwhile, the international benchmark Brent Crude was up 4.61 per cent to US$23.56 a barrel when energy traders speculated crude demand will continue to improve as global production levels are forced lower as storage capacity runs out.