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KUALA LUMPUR (Feb 9): The ringgit opened higher versus the US dollar on Tuesday, extending Monday’s gains on continued demand for the local note, supported by surging crude oil prices, said an analyst.
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At 9.02 am, the local currency traded 60 basis points (bps) better at 4.0570/0630 against the greenback from Monday’s close of 4.0630/0680.
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At the time of writing, Brent crude gained 0.48 per cent to trade at US$60.85 per barrel.-The Edge Market