Ringgit rises against US$

The ringgit closed higher against the US dollar yesterday, taking cue from gains in Asian currencies, as investor appetite for riskier investments returned following China’s positive growth data, dealers said.

The ringgit gained against the US d o l l a r at 3.0200/0235 from 3.0285/0325 on Tuesday. The ringgit was, however, weaker against major currencies.Against the Singapore dollar, the ringgit was lower at 2.4673/4712 from Tuesday’s 2.4640/4693 and easier against the yen at 3.8069/8127 from 3.8037/8092 previously.

The local currency was lower against the British pound at 4.8127/8186 from 4.7947/8014 on Tuesday and easier against the euro at 4.2458/2516 from 4.2154/2212 previously. — Bernama