Malaysian Ringgit Opens Higher Against Greenback

KUALA LUMPUR, May 25 (Bernama) -- The Malaysian ringgit rebounded to open slightly higher against the US dollar today on mild buying activities, dealers said. At 9.02 am, the local unit was quoted at 4.2760/2810 against Wednesday’s 4.2910/2950. A dealer said the Federal Reserve’s decision to keep the US interest rates unchanged also lifted the local note. Against other major currencies, the ringgit was traded mostly higher. It rose against the Singapore dollar to 3.0883/0930 from 3.0891/0926 on Wednesday, increased against the British pound to 5.5485/5555 from 5.5706/5775 yesterday and appreciated against the yen to 3.8322/8371 from 3.8371/8417 on Wednesday. The ringgit, however, fell against the euro to 4.8007/8067 from 4.7952/8014 Wednesday. -- BERNAMA