Ringgit rises against US dollar on Budget 2025 outlook

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KUALA LUMPUR: The ringgit opened higher against the US dollar on the first trading day of Budget 2025 week, buoyed by optimism that the government will likely maintain fiscal discipline and keep the fiscal deficit below four per cent of gross domestic product growth next year.

"Similarly, the core inflation rate was at 0.1 per cent, down from 0.3 per cent previously," he said.

However, the commitment to reviving the economy, particularly the weak property market, remained visible.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaJapanSingapore

Topics: US dollar US Interest rates Forex Mohd Afzanizam Abdul Rashid /Business/Business News Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 09:03:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23028286

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