Ringgit hits 4.4 against US$, lowest since March 2020

KUALA LUMPUR: The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

At 9.19 am, the local note stood at 4.4050/4080 versus the greenback from Wednesday's close of 4.3960/3975.

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ringgit , dollar , Mohd Afzanizam Abdul Rashid , US Federal Reserve , inflation , Interest rate

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