Ringgit opens lower against US dollar

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KUALA LUMPUR (Oct 12): The ringgit opened lower against the US dollar on profit-taking activities.

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At 9.02am, the local note had fallen to 4.1760/1790 versus the greenback from Monday’s close at 4.1685/1720.

At the opening, the ringgit was traded mixed against a basket of major currencies.

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It rose versus the Japanese yen to 3.6812/6842 against Monday’s 3.6902/6933 and appreciated versus the British pound to 5.6718/6759 from 5.6779/6827.

However, the local note declined against the Singapore dollar to 3.0778/0803, compared with Monday’s close at 3.0775/0803, and went down against the euro to 4.8229/8263 from 4.8180/8220.-BERNAMA