KUALA LUMPUR: The ringgit lost its ground against the US dollar at the opening today, as the greenback surged after the US Federal Reserve (Fed) hinted to raise interest rates in 2023.
At 9am, the local note fell to 4.1360/1385 versus the greenback, erasing 0.5 per cent, or 205 basis points (bps), from 4.1155/1180 at Wednesday’s close.
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