Ringgit strengthens against greenback ahead of OPR decision

The 59-year-old Bollywood star is apparently experiencing shortness of breath thanks to this habit.

KUALA LUMPUR: The ringgit extended its gains against the US dollar at the opening on Wednesday, driven by improved sentiment ahead of Bank Negara’s announcement on the overnight policy rate later today.

At 8 am, the ringgit appreciated to 4.3310/3480 against the dollar, rising from yesterday’s close of 4.3415/3505. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the US Dollar Index fell further to 103.423 points, representing a decline of 0.44 per cent as Americans headed to the polls on Tuesday."On that note, the ringgit could follow suit by staging further appreciation as the markets await the BNM’s Monetary Policy Committee decision on the OPR today where the rate could remain unchanged at 3.00 per cent,” he told Bernama.It fell vis-a-vis the British pound to 5.

However, it was slightly lower vis-a-vis the Singapore dollar at 3.2973/3110 from Tuesday’s close of 3.2953/3023. - Bernama

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Ringgit US Dollar Opening OPR Dr Mohd Afzanizam Abdul Rashid

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