Ringgit ends higher against US dollar

At 6pm yesterday, the local note rose by 50 basis points to 4.1890/1930 versus the greenback from Thursday’s close of 4.1940/1965.

KUALA LUMPUR: The ringgit ended the week on a positive note against the US dollar, as the announcement of the Cabinet line-up provided more confidence among investors towards Malaysia’s leadership, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.

At 6pm yesterday, the local note rose by 50 basis points to 4.1890/1930 versus the greenback from Thursday’s close of 4.1940/1965. — Bernama