Ringgit rises against US dollar
The ringgit rose against the US dollar today, in line with other regional currencies, dealers said.
At 5pm, the local currency was quoted at 3.1585/1625 against the greenback, better than Wednesday's 3.1665/1695, on expectation of solid growth in China's manufacturing sector.
"The buying support for the ringgit is on prospect that the government will address the country's fiscal deficit in the 2014 budget announcement tomorrow," a dealer said.
Meanwhile, the ringgit was mostly higher against a basket of currencies.
It was slightly higher against the Singapore dollar to 2.5509/5535 from 2.5547/5575 on Wednesday but slightly lower against the British pound to 5.1117/1175 from 5.1110/1172.
The domestic currency rose against the yen to 3.2438/2485 from 3.2547/2591 yesterday and advanced against the euro to 4.3536/3580 from Wednesday's 4.3558/3609.-- Bernama