Ringgit marginally lower against US dollar at the close

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KUALA LUMPUR: The ringgit continued its downward momentum against the US dollar on Thursday, albeit marginally, weighed by a decline in Malaysia's international reserves, said an economist.

Hence, the ringgit will remain rangebound in the immediate term,” he added.

At 6 pm, the local note dipped to 4.4020/4065 versus the greenback from Wednesday’s close of 4.4000/4070.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: International reserves /Business/Business News US dollar Forex Mohd Afzanizam Abdul Rashid Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 19:09:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 379 words

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Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 23460468

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