KUALA LUMPUR: The ringgit opened lower against the US dollar this morning on improved buying interest for the greenback amid higher global oil prices, dealers said.
At 9 am, the local unit was quoted at 4.1910/1940 against the US dollar from 4.1900/1930 at 6pm on Tuesday.
A dealer said the US dollar gained as investors awaited for monetary policy news after the conclusion of the US Federal Reserve's two-day meeting.
Besides, it was also reported that the US dollar received a boost following US Treasury yields which rose to a one-month high.
Another dealer said higher crude oil prices, however, helped to offset losses on the local note.
The benchmark Brent crude was trading 0.42 per cent higher at US$55.37 per barrel.
Against other major currencies, the ringgit was traded lower.
It declined against the Singapore dollar to 3.1095/1127 from 3.1053/1087 on Tuesday and vis-a-vis the yen, it eased to 3.7564/7601 from 3.7535/7565.
The local note slipped versus the British pound to 5.6625/6669 from 5.6540/6597 and fell against the euro to 5.0254/0303 from 5.0217/0257 on Tuesday.