Ringgit opens higher against US dollar

The ringgit opened higher in early trade against the US dollar on renewed demand for the local currency.

At 9.19 am, the ringgit was quoted at 4.3700/3790 against the US dollar from 4.3810/3850 on Monday.

A dealer said the better demand for ringgit was in tandem with the improved performance on the equities market.

The local note was also traded higher against other major currencies.

It appreciated against the Singapore dollar to 3.0727/0801 from 3.0798/0841 on Monday and rose against the yen to 3.5442/5529 from 3.5682/5720.

It gained versus the British pound to 6.6385/6543 from 6.6600/6670 yesterday and advanced against the euro to 4.6619/6733 from 4.7039/7086 on Monday.