KUALA LUMPUR : The ringgit opened somewhat higher against the US dollar in the early session on Friday because of deal chasing exercises in the market.
At 9 am, the ringgit was cited at 4.2100/2160 to the US dollar from 4.2110/2170 at Thursday's nearby.
Kenanga Research said the ringgit's execution was because of supposition taking after updated information discharged by Bank Negara Malaysia indicating huge bond auction by outside financial specialists in September.
"The national bank overhauled the September bond auction figure to RM8.4 billion from the underlying RM1.4 billion," it said in a note.
In the mean time, the ringgit debilitated against a wicker container of significant monetary forms.
It slipped against the yen to 4.0551/0624 from 4.0522/0599 on Thursday and fell against the Singapore dollar to 3.0412/0458 from 3.0400/0461.
The ringgit was down against the euro to 4.6499/6583 from 4.6409/6480 and reinforced against the British pound at 5.1484/1570 from 5.1332/1409 .
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