Ringgit closes lower vs US$ on lower IPO, technical correction

KUALA LUMPUR: The ringgit reversed the previous day’s gains to close lower against the greenback today due to lower Industrial Production Index (IPI) data and a technical correction after appreciating over the last three trading days, said an analyst.

At 6 pm, the ringgit slid to 4.6675/6725 against the greenback from Monday’s close of 4.6340/6400.

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Ringgit , US dollar , Mohd Afzanizam Abdul Rashid , IPI , DoSM

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