Ringgit rebounds against US dollar at opening

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KUALA LUMPUR (Jan 13): The ringgit rebounded against the US dollar at the opening today on positive sentiment following the government’s moves to allow businesses to function during the nationwide state of emergency which is expected to last until Aug 1, 2021.

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At 9.02 am, the local currency traded 120 basis points (bps) better at 4.0430/0480 against the greenback from yesterday’s close of 4.0550/0600.- The Edge Markets

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