Ringgit rebounds to close marginally higher against greenback

KUALA LUMPUR: The ringgit rebounded against the US dollar at the close today after five consecutive days of depreciation, following the People's Bank of China's move to fix the Chinese yuan stronger, while prospects of more policy stimulus in China bodes well for exporters like Malaysia.

At 6 pm, the local note firmed to 4.5615/5650 against the greenback compared with 4.5640/5690 at Monday’s close.