Ringgit closes lower against the greenback

PETALING JAYA: The ringgit closed lower yesterday against the greenback, as with other emerging currencies, as investors opted for the greenback on concerns over global economic prospects and ahead of US data later this week that may influence the interest rate outlook in the United States.

At 6pm, the ringgit traded at 4.7280/7335 against the greenback, compared with last Friday’s close of 4.7160/7210 and against the lows reached in 1998.