March 12: Ringgit closes higher against US dollar

 Publish date: Mon, 12 Mar 2018, 07:50 PM

KUALA LUMPUR: The ringgit rebounded from last week's downtrend to close firmer against the US dollar today as risk appetite returned.

At 6pm, the local note was quoted at 3.9030/9060 from Friday's 3.9100/9140.

Meanwhile, the local note was mostly lower against a basket of other major currencies.

It rose against the Euro to 4.8054/8095 from 4.8093/8158 on Friday, but depreciated versus the Singapore dollar to 2.9678/9712 from Friday's 2.9653/9694.

The ringgit weakened against the yen to 3.6627/6666 from 3.6610/6662 last week, and fell against the British pound to 5.4076/4122 from 5.3997/3060 previously. - BERNAMA

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