Ringgit closes slightly lower against US dollar, sentiment remains favourable

KUALA LUMPUR: The ringgit was slightly lower against the US dollar at Friday's closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has said firmly that the ringgit is undervalued.

At 6 pm, the ringgit fell to 4.7440/7480 against the greenback compared with Thursday's close of 4.7400/7455.