By BERNAMA
The ringgit closed higher against the US dollar today on continued demand for the local note, analysts said.
At 5pm, the local unit was traded at 4.2885/2945 from 4.2950/2040 against the greenback on Friday.
An analyst said investors, however, remained cautious ahead of the presentation of the recalibrated Budget 2016 by Prime Minister Najib Abdul Razak on Thursday due to the further slide in the crude oil prices.
“The investors are also waiting for the outcome of the two-day US Federal Reserve Meeting on Thursday to see if interest rates would be raised,” he said.
The ringgit was also traded mostly higher against other major currencies.
It rose against the Singapore dollar to 2.9964/9015 from 3.0073/0157 on Friday.
The ringgit, however, fell against the yen to 3.6322/6376 from 3.6309/6388 last week.
It increased against the British pound to 6.0841/0939 from 6.1238/1384 on Friday and strengthened against the euro to 4.6500/6582 from 4.6566/6673 on last week.
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