Ringgit opens lower as US$ strengthens on inflation fears


KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday as the greenback continues to strengthen amid concerns of growing inflation, coupled with lower oil price, a dealer said.

At 9 am, the local note weakened to 4.1870/1895 versus the greenback from 4.1810/1850 at Friday’s close.

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