KUALA LUMPUR (Feb 9): The ringgit opened higher versus the US dollar on Tuesday, extending Monday’s gains on continued demand for the local note, supported by surging crude oil prices, said an analyst.
At 9.02 am, the local currency traded 60 basis points (bps) better at 4.0570/0630 against the greenback from Monday’s close of 4.0630/0680.
At the time of writing, Brent crude gained 0.48 per cent to trade at US$60.85 per barrel.-The Edge Market