Fed's rate hike decision further bolsters ringgit


KUALA LUMPUR: The ringgit extended yesterday gains to open higher against the US dollar today following the news that the US Federal Reserve's (Fed) decision to increase its benchmark interest rate by 75 basis points, a dealer said.

At 9 am, the local currency appreciated against the greenback to 4.3970/3995 from Wednesday's close of 4.4120/4150.

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