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KUALA LUMPUR: The ringgit closed higher against the US dollar today on the expectation that US interest rate hikes are over after dovish comments by US Federal Reserve (Fed) chairman Jerome Powell on Friday.

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KUALA LUMPUR:  The ringgit opened lower against the greenback today as traders took profit after recent gains and on caution ahead of a talk later today by US Federal Reserve (Fed) chairman Jerome Powell, said an analyst.

The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year.

By John Lee. As part of financial and economic reforms, the Iraqi Cabinet has endorsed recommendations to conduct all state contracts within Iraq in Iraqi dinars. There will be exceptions for ongoing external grants, loans, and agreements, and new contracts involving foreign grants, loans, and agreements may adhere to agreed-upon foreign currency terms, as specified

KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback climbed after data showed that the US economy grew faster in the third quarter amid rising concerns for an early US interest rate cut, said an analyst.

The local unit rose 2 paise to close at 83.32 against the American currency on Nov 29, following a gain of 6 paise on Nov 28

OICCI cites positive changes in political, economic situation for improvement

It is important to note that cash cannot be completely replaced, especially in certain situations