Ringgit climbs against greenback as risk appetite increases

KUALA LUMPUR: The ringgit rose against the US dollar at the opening today, as the US Dollar Index (DXY) fell 0.3 per cent to 95.910 points, with risk-on mode becoming more prevalent, an analyst said.

At 9 am, the local note widened 115 basis points (bps) to 4.1685/1725 versus the greenback from 4.1800/1805 at Wednesday’s close.