June 19: Ringgit rebounds to open higher against US dollar

 Publish date: Tue, 19 Jun 2018, 10:27 AM

KUALA LUMPUR: The ringgit rebounded to open slightly higher this morning on improved demand for the local unit amid rising oil prices.

At 9.11am, the local unit was quoted at 3.9950/4.000 against the greenback from 3.9960/9990 at yesterday's close.

Meanwhile, the ringgit traded mostly lower against a basket of other major currencies.

It fell against the Japanese yen to 3.6279/6331 from 3.6147/6177, and weakened against the British pound to 5.2982/3052 from 5.2935/2979

The local note depreciated vis-a-vis the euro to 4.6466/6536 from 4.6342/6384, but rose against the Singapore dollar to 2.9560/9614 from Monday's 2.9580/9611. - Bernama

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