Ringgit closes higher against US dollar with OPR maintained at 2.75%

THE ringgit closed higher versus the US dollar today, extending yesterday’s gains, after Bank Negara Malaysia (BNM) chose to keep the overnight policy rate (OPR) at 2.75%, putting an end to market speculation about the rate hike cycle. 

At 6pm, the ringgit appreciated to 4.3050/3100 against the greenback from yesterday’s close of 4.3130/3185.