KUALA LUMPUR: The ringgit moved higher against the US dollar today, appreciating by 59 per cent to a level last seen in April 2016.

At 6pm, the local note ended at 3.8840/8870 against the greenback, from 3.9110/9140 on Wednesday.

The rise was in part fuelled by Bank Negara Malaysia's decision to increase the overnight policy rate by 25 basis points to 3.25 per cent today.

Meanwhile, the ringgit was traded mixed against a basket of other major currencies.

It rose against the Singapore dollar to 2.9746/9781 from Wednesday's 2.9803/9832, and gained versus the yen to 3.5630/5661 from 3.5658/5695 yesterday.

The local note declined against the euro to 4.8286/8327 from 4.8242/8295 on Wednesday, and slid against the British pound to 5.5491/5537 from 5.5110/5168 yesterday. -- BERNAMA