Ringgit rebounds against US$ as PMI improves


KUALA LUMPUR: The ringgit opened steady against the US dollar on Tuesday after a stronger-than-expected Manufacturing Purchasing Managers’ Index (PMI) in October, with all eyes on interest rate and inflation data.

Malaysia's new orders soared to 52.2 in October 2021 from 48.1 in September 2021, according to the latest IHS Markit data.

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