Ringgit drops against greenback ahead of monetary policy meetings


KUALA LUMPUR: The ringgit fell against the US dollar at the opening bell today, as traders await the outcome from the United States Federal Reserve (US Fed) and Bank of England (BoE) meetings this week to decide their next course of action.

At 9 am, the local note slipped by 135 basis points (bps) to 4.1835/1885 from 4.1700/1730 at last Friday’s close.

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Ringgit , US dollar , Opening ,  US Fed ,   BoE , Bank Islam

   

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