KUALA LUMPUR: The ringgit proceeded with its downtrend against the US dollar Wednesday morning because of fumbling worldwide oil costs, a merchant said.
At 9.13 am(0113gmt), the nearby unit remained at 4.4600/4680 against the greenback from 4.4590/4650 on Tuesday.
Speculators are wary in front of the Organization of Petroleum Exporting Countries (OPEC) meeting today which is booked to settle on an every day yield cut for individuals, which could possibly beat money related markets and weigh on the ringgit.
In the interim, the ringgit was lower against other significant monetary forms.
It devalued somewhat against the Singapore dollar to 3.1322/1394 from 3.1300/1360 and declined against the yen to 3.9719/9797 versus 3.9653/9701 Tuesday.
Against the euro, it was lower at 4.7468/7575 from 4.7270/7342 on Tuesday and fell versus the British pound to 5.5679/5792 from 5.5278/5370 already.
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