Ringgit opens lower against greenback on FOMC's upbeat assessment


KUALA LUMPUR: The ringgit declined further against the US dollar at the opening bell today, following the United States Federal Reserve’s (US Fed) upbeat conclusion of the Federal Open Market Committee (FOMC) meeting yesterday, which could lead to an eventual hike in their policy rate, said an analyst.

At 9 am, the local note depreciated to 4.1925/1955 from 4.1910/1950 at Wednesday’s close.

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