Ringgit slips further against US dollar to open at 4.16

KUALA LUMPUR: The ringgit opened lower for the fourth consecutive day against the US dollar this morning after a decline in Malaysia's Manufacturing Purchasing Managers' Index (PMI) coupled with lower oil prices weighed on the currency, a dealer said.

At 9.02am, the local note fell to 4.1635/1660 versus the US dollar from 4.1575/1600 at Thursday’s close.