NEW DELHI: The Indian government has relaxed new property tax rules it proposed just two weeks ago, after criticism that the changes added to an already heavy financial burden on the middle class.
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar as investors adopted a wait-and-see approach to the latest economic developments.
At 8 am, the ringgit edged up to 4.4700/4780 against the greenback from yesterday's close of 4.4725/4770. "The Asian market might see a wait-and-see attitude among investors today. The US economy will continue to provide the context for risk aversion in the market. Meanwhile, the ringgit traded lower against a basket of major currencies, except it appreciated against the British pound to 5.6697/6799 from 5.6837/6894 at Tuesday's close.
Ringgit US Dollar Mohd Afzanizam Abdul Rashid DXY Asian
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