Ringgit rises on Permai announcement


KUALA LUMPUR: The ringgit opened higher against the US dollar today, boosted by Prime Minister Tan Sri Muhyiddin Yassin’s announcement of the RM15 billion Malaysian Economic and Rakyat’s Protection Assistance Package (PERMAI) package yesterday, as well as higher crude oil prices.

At 9.13 am, the ringgit rose to 4.0450/0490 versus the greenback, from 4.0500/0540 at Monday’s close.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ringgit , US dollar , Joe Biden , Bank Negara , MCO 2.0

Next In Business News

Ringgit opens mixed against major, Asean currencies after BOJ rate hike
Trading ideas: AirAsia, EcoWorld, TMK Chemical, Zetrix AI, Jati Tinggi, Vestland, Capital A, TSR Capital, ES Sunlogy
Global rate-hike cycle expected to be muted
GCash owner gets nod for US$1.47bil IPO
CPO strength, iSPOC set to boost Johor Plantations’ FY27 margins
Nvidia-backed DC firm Nscale files for listing
Paramount settlement talks include promise to stay in California
ProEnergy eyes US$50bil IPO valuation
Uneven gains ahead for semiconductors
Blackstone sees India nearing capital tipping point

Others Also Read