Ringgit opens firmer against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today on better demand.
At 9am, the local unit was traded at 4.4190/4240 against the US dollar from 4.4215/4255 on last Friday's close.
A dealer said the improved standing is the result of Bank Negara Malaysia's measures effective Dec 5, aimed at boosting the ringgit's performance.
Against a basket of major currencies, the ringgit traded mixed.
Vis-a-vis the Singapore dollar, the ringgit rose to 3.1021/1067 from 3.1067/1100 and against the Yen, improved to 3.8379/8450 from 3.8643/8681 last Friday.
Compared with the British pound, the local currency weakened to 5.6020/6092 from 5.5768/5832, while against the Euro, it fell to 4.7000/7058 from 4.6974/6034. — Bernama