KUALA LUMPUR: The ringgit dipped against the US dollar today on buying support for the greenback following the United States Federal Reserve's (Fed) decision to hold its key interest rate near zero, although it noted that the quantitative easing will end on schedule in March, an analyst said.
At 9 am, the local note fell by 160 basis points (bps) to 4.2050/2070 versus the greenback from 4.1890/1915 at Wednesday’s close.
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