Ringgit opens lower against greenback as Fed tapers asset purchase programmes

KUALA LUMPUR: The ringgit opened lower against the US dollar today despite the much lower-than-expected reading on the United States (US) Philadelphia Federal Reserve Manufacturing Index, which weakened the greenback against its counterparts, a dealer said.

At 9 am, the local note fell to 4.2100/2130 against the greenback from 4.2060/2090 at Thursday’s close.