KUALA LUMPUR: The ringgit rebounded against the US dollar to 4.13 at the opening today, fuelled by firmer crude oil prices amid the ease of the safe-haven greenback and US bond yields.
The improved local manufacturing data, of which the headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 49.9 in March from 47.7 in February this year, also lent support to the local currency.
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