Ringgit opens lower vs US$ as demand for greenback strengthens


KUALA LUMPUR: The ringgit opened lower against the US dollar due to higher demand for the greenback amidst the ongoing conflict in the Middle East.

At 9 am, the local currency fell to 4.7750/7785 against the greenback from last Friday’s close of 4.7655/7700.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Bursa Malaysia ends lower as regional markets retreat
Oil prices rise after US inventory draw, Venezuela in focus
Malaysia steps up gas-fired power use in December as reliance on coal falls
Capital A says Bursa’s decision on time extension has no material impact
Bank Negara's international reserves rise to US$125.5bil as at Dec 31
Indonesia mulls palm oil export levy hike to support biodiesel mandate
Uniqlo owner Fast Retailing books jump in quarterly profit, hikes annual forecast
Handcrafted gold market gaining increased luster
Kinergy-led consortium inks gas turbine supply deal for 1.5GW power plant project
ISF Group eyes RM61.15mil from IPO to fuel business expansion

Others Also Read