Qualampur: Ringit opened higher than the US dollar, which is renewed to buy interest amid opinionism that the Malaysian government will maintain fiscal discipline and gradually reduce the fiscal deficit as a percentage of GDP in Budget 2026 as a percentage of GDP.
At 8 am, the local note increased to 4.2100/2205 vs Greenback.
Bank Malaysia Malaysia BHD Chief Economist Dr. Mohammad Afzanizam Abdul Rashid said that on Friday, the budget of the budget 2026 will be focused on, which is expected to run the market spirit this week.
He also highlighted the need to encourage domestic demand.
He said, “Traders are looking at this place. On that note, the ringit is likely to trade between RM4.21 and RM4.22 today,” he told Bernma.
The Ringit was mixed against a basket of major currencies in the early session today.
It decreased from 4.9155/9207 to Euro vs 4.9295/9418 on Monday, weakened the British pound, from 5.6768/6909 to 5.6608/6691 to the British pound.
Local notes did most of the business against ASEAN currencies. It appreciated 12.9614/9994 from 12.9614/9994 to 12.9810/13.0009 yesterday, yesterday vs. Indonesian Rupiah from 253.8/254.6 to 254.0/254.4 from 7.21/7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24 to 7.24.
It fell from Singapore dollars to 3.2603/2687 on Monday from 3.2562/2599.
