KUALA LUMPUR : The ringgit opened lower against the US dollar in the early session on Thursday, as the greenback proceeded with its bullish execution in floating almost a seven-month high.
At 9.01am, the ringgit was cited at 4.1930/1980 to the US dollar from 4.1900/2000 on Wednesday's nearby.
Kenanga Research said Thursday that the nearby note was conversely, at a seven-month low against the US dollar, weighed on by weight from falling government bond costs.
"Bond costs debilitated as outside financial specialists trimmed their possessions as appeared from information discharged by Bank Negara Malaysia," it said in a note.
In the mean time, the ringgit exchanged firmer against a bushel of real monetary forms.
It solidified against the yen to 4.0117/0172 from 4.0448/0552 on Wednesday and rose against the Singapore dollar to 3.0250/0291 from 3.0318/0395.
The ringgit was up against the euro at 4.6131/6191 from 4.6165/6288 and fortified to the British pound at 5.1008/1085 from 5.1294/1437.
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