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PUTRAJAYA, Feb 21 — Raising the Overnight Policy Rate (OPR) to strengthen the ringgit is not a good move at present in view of its impact on the people, according to...
KUALA LUMPUR, Feb 21 — Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the value of the ringgit should be better than what it is now due to the...
Malaysia's ringgit reached a 26-year low as emerging Asian currencies weakened against the dollar on Tuesday, while the Chinese yuan slid after China cut its benchmark mortgage rate by more than expected, but found support from state bank buying.
KUALA LUMPUR: The ringgit traded higher against major currencies but was marginally lower against the US dollar at the opening today on a cautious tone ahead of the US Federal Open Market Committee (FOMC) meeting minutes’ publication this week, said an economist.
The Singdollar was trading at RM3.568 at 7pm on Feb 20.