KUALA LUMPUR : The ringgit opened higher against the US dollar
today on restored purchasing enthusiasm for the nearby coin lifted by the
better oil costs. At 9.03 am, the ringgit was cited at 4.1300/1350 against the
greenback from 4.1350/1420 on Wednesday.
A merchant said the ascent in oil costs
taking after industry reports of a sizeable drop in oil stock levels had
achieved positive conclusions in Asian shares and supported interest for Asian
monetary standards. The cost for Brent unrefined petroleum shot up 1.9 for each
penny to US$51.86 per barrel in early Wednesday exchanging while West Texas
Intermediate, the US benchmark cost for oil, was up 2.0 for every penny to open
the day in New York at US$49.69 per barrel.
The neighborhood note was
additionally exchanged higher against a wicker container of significant
monetary forms with the exception of the British pound. The ringgit ascended
against the yen to 3.9915/9975 from 4.0103/0190 on Wednesday, enhanced against
the Singapore dollar to 3.0172/0229 from 3.0174/0229 and picked up against the
euro to 4.6264/6324 from 4.6395/6482 yesterday. It slipped against the British
pound to 5.2645/2713 from Wednesday's end of 5.2585/2678.
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