Ringgit opens marginally higher against US dollar

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today, lifted by firmer overnight crude oil prices.
At 9.03am, the ringgit improved against the greeback to 4.4160/4210 from 4.4170/4210 at 6pm on Wednesday.
A dealer said news reports of lower US gasoline stockpil, along with lower-than-expected crude oil inventories increased oil prices.
"This helped lift market sentiment and prompt demand for the local note," he said.
Against a basket of major currencies, the ringgit also traded higher.
It appreciated against the yen to 3.9630/9693 from 3.9778/9822 on Wednesday and improved against the British pound to 5.4900/4988 from 5.4908/4966 yesterday.
The local note also gained against the euro to 4.7476/7535 from 4.7659/7716 yesterday and advanced against the Singapore dollar to 3.1631/1683 from Wednesday's 3.1665/1705. — Bernama