Ringgit rebounds against US dollar

 Publish date: Thu, 10 Sep 2020, 9:44 AM

KUALA LUMPUR: The ringgit opened slightly higher today against the US dollar ahead of Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) meeting, an analyst said.
At 9.10am, the local currency was quoted at 4.1630/1680 against the greenback, from Wednesday's close of 4.1700/1740.
The central bank has reduced the overnight policy rate (OPR) four times this year, bringing it to 1.75 per cent, the lowest level recorded since 2004.
The MPC will meet today before holding the last meeting on Nov 3.
Meanwhile, the ringgit was traded mostly lower against other major currencies.
It fell against the British pound to 5.4086/4163 from 5.3985/4053 yesterday, and slipped against the euro to 4.9165/9228 from 4.9060/9124.
The domestic unit depreciated against the Singapore dollar to 3.0454/0501 from 3.0447/0487 previously, but rose against the yen to 3.9203/9254 from 3.9314/9363.
 - Bernama


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