Ringgit extends gains against US$

KUALA LUMPUR: The ringgit extended last week's gains to trade higher against the US dollar in the early session today, driven by investors' return to emerging currencies as the global banking crisis eased and ahead of the decision on US interest rates in the middle of the week, dealers said.

At 9.15 am, the local note rose advanced to 4.4680/4730 versus the greenback from Friday’s closing rate of 4.4850/4880.