Ringgit opens higher against dollar

Publish date: Thu, 25 Jul 2024, 08:54 AM

KUALA LUMPUR: The ringgit was traded higher against the US dollar in the morning and was mixed against a basket of major currencies.

At 8 am, the ringgit rose to 4.6670/6735 against the greenback from Wednesday's close of 4.6705/6735.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar/ringgit is likely to gain a firmer footing as Malaysia's monetary policy is expected to remain at status quo for the rest of the year.



  - Bernama

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