Ringgit opens easier against US dollar

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Ringgit opens easier against US dollar
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Decline of global oil prices and Covid-19 concerns hit the local note hard. FMTNews Ringgit

KUALA LUMPUR: The ringgit opened easier against the US dollar today, extending last Friday’s losses amid rising fears on Covid-19 outbreak as well as a decline in global crude oil prices, said a dealer.

The country reported the highest single-day increase in Covid-19 cases since the outbreak began on Jan 25 with 190 new cases on Sunday, according to a statement by the Health Ministry.

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