KUALA LUMPUR: The ringgit closed lower against the US dollar on Tuesday as investors remained cautious following the Bank of Japan’s (BOJ) decision to raise interest rates.
At 6 pm, the local note fell to 4.0665/4.0700 versus the greenback from 4.0485/4.0525 at Monday’s close.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said currency markets remained mixed despite declining crude oil prices.
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