OPR hike boosts ringgit to end higher against the greenback

KUALA LUMPUR: The ringgit rose against the US dollar following the unexpected move by Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.00 per cent.

At 6 pm, the local note rose to 4.4525/4580 versus the greenback from Tuesday’s closing rate of 4.4640/4640.

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Ringgit , OPR , Inflation , Economy , FOMC , Interest Rate

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