Ringgit Opens Firmer Against US Dollar As Oil Prices Advance

KUALA LUMPUR, Oct 11 (Bernama) -- The ringgit extended its uptrend against the US dollar in the early session Tuesday on the back of firmer oil prices, said a dealer. At 9 am, the ringgit was quoted at 4.1460/1510 against the greenback from 4.1510/1560 on Monday. The dealer said the overnight Brent Crude oil price hit a one-year high after Russian President Vladimir Putin voiced his support over for a proposal to limit oil output. Meanwhile, the local note also traded higher against a basket of major currencies. The ringgit rose against the yen to 3.9881/9948 from 4.0215/0267 on Tuesday and improved against the Singapore dollar to 3.0109/0147 from 3.0209/0258. It also gained against the euro to 4.6153/6213 from 4.6358/6418 and firmed against the British pound to 5.1137/1223 from yesterday's close of 5.1535/1613. -- BERNAMA