Ringgit ends marginally higher vs dollar

KUALA LUMPUR: The ringgit was traded in a tight range against the US dollar yesterday as market participants were cautious about the Federal Open Market Committee (FOMC) meeting today and tomorrow, says an economist.

At 6pm, the local note rose marginally to 4.48.30 and 48.85 versus the greenback compared with Friday’s closing rate of 4.48.50 and 48.80. Meanwhile, the ringgit was traded lower against a basket of major currencies. The local note fell against the Japanese yen to 3.41.77 and 42.24 from 3.36.79 and 37.04 at Friday’s close. — Bernama