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Monday, 24 October 2016

Ringgit Strengthened amid Budget initiatives which Revolved around Government Spending to Accelerate Growth.

The ringgit traded higher against other major currencies in early trade today.
Image result for Ringgit
Multi Management and Future Solutions Malaysia: The ringgit opened barely higher on positive assumption today, brought on by the 2017 Budget declaration last Friday, said a merchant.

At 9.10 am, the nearby unit was cited at 4.1810/1880 against the dollar from Friday's end of 4.1830/1890.

The merchant said the ringgit reinforced in the midst of spending activities which rotated around government spending to quicken development.

This is regardless of the greenback being firm against a wicker container of coinage, floated by desires of a US loan cost climb.

The ringgit exchanged higher against other real monetary standards in early exchange today.

It ascended against the Singapore dollar to 3.0004/0071 from 3.0027/0078 on last Friday and fortified against the yen to 4.0225/0312 from 4.0279/0341.

The ringgit likewise enhanced against the British pound at 5.1021/1131 from 5.1158/1248 and picked up against the euro to 4.5452/5532 from 4.5595/5677.


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