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Ringgit eases against US$ at close

KUALA LUMPUR: The ringgit eased against the US dollar at close yesterday amid worries about sluggish European economy as well as awaiting domestic consumer index, dealers said.

At 5pm, the ringgit was quoted at 3.2765/2785 against the greenback compared with 3.2650/2680 on Tuesday.

Dealers said investors were also remaining on the sideline awaiting September consumer inflation data due later in the day.

In August, the local consumer price index rose marginally above market expectations at 3.3 per cent from a year earlier.

The local unit was also mostly lower against other major currencies.

It ended higher against the Singapore dollar to 2.5626/5661 from Tuesday’s 2.5634/5662 but weakened against the yen to 3.0567/0594 from 3.0517/0556.

The ringgit was lower against the British pound to 5.2142/2184 from 5.2119/2177 and depreciated against the euro to 4.1458/1486 from 4.1403/1451 previously. Bernama

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