KUALA LUMPUR: The ringgit opened unaltered against the US dollar in early exchange today, as brokers were wary in front of the US Federal Reserve's (Fed) meeting, a merchant said.
At 9 am, the neighborhood unit was exchanged at 4.4555/4595 against the greenback from 4.4555/4595 on Tuesday.
The merchant said brokers were uncertain of what the Fed's Chair, Janet Yellen, would report on the future loan costs.
"Yellen has said March loan cost increment is among the points talked about amid the two-day meeting, and whatever is declared later on will give pieces of information to alternate monetary standards," he said.
In any case, he said that with the current change in the raw petroleum costs, nearby dealers were planning to see some positive conclusion towards the ringgit.
Oil costs rose to almost three-week highs yesterday after the Organization of the Petroleum Exporting Countries said it would keep up its choice to cut generation.
Brent rough LCOc1 finished the session at US$56.66 per barrel, up 48 US pennies, or 0.9 for each penny.
With respect to today, the nearby note was exchanged lower versus significant monetary standards.
It fell against the Singapore dollar to 3.1392/1431 from 3.1317/1352 on Tuesday and debilitated versus the yen to 3.9228/9270 from 3.9166/9211 yesterday.
The ringgit diminished against the British pound to 5.5685/5739 from 5.5368/5445 yesterday and versus the euro it declined to 4.6988/7034 from 4.6965/7017 on Tuesday.
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