KUALA LUMPUR: The ringgit rebounded from its recent losses to close higher yesterday, supported by improved risk appetite for the local unit.
As at 5pm, the ringgit was quoted at 3.4890/4920 vis-a-vis the greenback from 3.4955/4975 on Wednesday.
A dealer said most investors reduced their dollar position ahead of the year-end holiday.
The ringgit was traded mostly higher against other major currencies.
It appreciated against the yen to 2.8986/8023 from 2.9016/9044 on Wednesday, rose against the pound to 5.4264/4325 from 5.4345/4393 and strengthened against the euro to 4.2538/2578 from 4.2624/2663 previously.
The ringgit, however, fell against the Singapore dollar to 2.6400/6433 from Wednesday’s 2.6385/6420. Bernama