Ringgit rises against dollar on softer global interest rate outlook | The Malaysian Insight

Ringgit rises against dollar on softer global interest rate outlook

The ringgit rises to 4.4020/4065 versus the greenback from yesterday’s closing of 4.4175/4195. – The Malaysian Insight file pic, April 4, 2023.

At 6pm, the local note rose to 4.4020/4065 versus the greenback from Monday’s closing of 4.4175/4195. “Today, RBA kept its cash rate unchanged at 3.6%. Previously, the State Bank of Vietnam reduced its benchmark interest rate by 100 basis points in mid-March,” Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid said.

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