Malaysia ringgit opened higher; ringgit was quoted at 3.8920/8970 from 3.8950/9010.

Malaysia: The ringgit opened higher against the US dollar this morning on continued buying demand for the local note.

At 9am, the ringgit was quoted at 3.8920/8970 from 3.8950/9010 on Tuesday.

However, the local unit traded lower against a basket of other major currencies.

It fell against the Singapore dollar to 2.9678/9721 from 2.9645/9692 on Tuesday, and weakened against the British pound to 5.4398/4472 from 5.4063/4161.

Vis-a-vis the yen, the ringgit was lower at 3.6476/6530 from 3.6348/6410, and weaker against the euro at 4.8234/8307 from 4.8021/8099. 

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