Ringgit opens lower against US$ as investors await Bank Negara MPC meeting

KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday as most traders are eagerly awaiting the first Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting of this year, scheduled for today and tomorrow.

At 9:05 am, the ringgit depreciated to 4.7350/7400 against the greenback compared to Monday's close of 4.7280/7335.