Ringgit maintains downtrend against greenback

KUALA LUMPUR: The ringgit continued to remain weak in the early session today amidst expectations that the United States (US) Federal Reserve (Fed) would raise its interest rates in its upcoming meeting in early May, said an analyst.

At 9 am, the local note, which slipped to a 22-month low at the close on Wednesday, had weakened further to 4.2830/2890 versus the US dollar from 4.2800/2830 yesterday.