Ringgit gains ground against US dollar as major central banks pause rate hikes

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on the last trading day of the week, as several major central banks took a break from raising interest rates this week.

On the home front, Bank Negara Malaysia’s (BNM) Monetary Policy Committee maintained the Overnight Policy Rate at 3.00 per cent yesterday at its last meeting of the year.