Ringgit closes higher against greenback

At 6pm, the ringgit rose to 4.7455/7500 against the US dollar.

PETALING JAYA: The ringgit ended the day higher against the US dollar as market players await the United States consumer price index (CPI) data for March today, says an analyst.

At 6pm, the ringgit rose to 4.7455/7500 against the US dollar from yesterday’s closing of 4.7505/7545.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the headline and core CPI is expected to come in at 3.4% in March versus 3.2% in February and 3.7% in March versus 3.8% in February, respectively, based on estimates. — Bernama