KUALA LUMPUR: The Ringgit opened lower against the US dollar on Monday on declining oil costs and a bounce back in the US dollar, said a merchant.
At 9.15 am, it was cited at 4.0220/0270 to the greenback from 4.0105/0165 last Friday.
The benchmark Brent Crude fell 88 pennies to US$50.43 a barrel on oversupply of unrefined for August, the merchant said.
A news report said the US dollar recuperated on Friday after the Federal Reserve Bank of San Francisco President John Williams said a rate increment in September ought to be in play.
The ringgit exchanged for the most part higher against other real coinage.
It ascended against the British pound to 5.2527/2621 from 5.2698/2793 on Friday however facilitated against the euro to 4.5428/5501 from 4.5375/5455.
The neighborhood note ascended against the yen to 4.0000/0062 from 4.0017/0093 and went higher against the Singapore dollar to 2.9762/9821 from 2.9776/9834.
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