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FOREX: Ringgit Closes Higher Against US Dollar
Last update: 28/04/2014

KUALA LUMPUR, April 28 (Bernama) -- The ringgit closed higher against the US dollar Monday on short-covering activities, dealers said.

At 5 pm, the local note was quoted at 3.2640/2660 against the greenback from Friday's 3.2690/2710 close.

A dealer said the local note was mixed against a basket of major currencies.

The ringgit appreciated against the Singapore dollar to 2.5991/5026 from 2.5994/5018 Friday but eased against the euro to 4.5262/4299 from 4.5223/4258 previously.

Against the British pound, the domestic currency was lower at 5.4976/4019 from 5.4949/4989 on Friday but increased against the yen to 3.1912/1941 from 3.1974/1009 previously.



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100 Yen3.8624/8671
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
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