Ringgit traded mostly lower against major currencies. Now, because amidst rising oil prices the local unit was quoted at 3.9370/9420.

Malaysia: The ringgit opened slightly higher against the US dollar today amidst rising oil prices.

As of 9am, the local unit was quoted at 3.9370/9420 against the US dollar from 3.9390/9420 last Friday.

Meanwhile, the ringgit traded mostly lower against a basket of other major currencies.

It fell against the Singapore dollar to 2.9537/9583 from 2.9523/9548 on Friday, declined against the yen to 3.6136/6192 from 3.6095/6132, and sank against the euro to 4.7114/7186 from 4.7103/7154.

However, the local note rose against the British pound to 5.3327/3398 from 5.3389/3446 on Friday.

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