KUALA LUMPUR: The ringgit retreated from yesterday's gains to open slightly lower against the US dollar as investors returned to safe-haven currencies after the US Federal Reserve opted to maintain its interest rates level.
At 9 am, the local unit was quoted at 4.0530/0600 against the US dollar from 4.0470/0520 on Thursday.
The local unit was also traded lower against a basket of major currencies.
It fell against the British pound to 5.3398/3527 from 5.3335/3422 yesterday.
The ringgit weakened against the Singapore dollar to 3.0004/0061 from 2.9973/3.0015 on Thursday.
The local unit depreciated against the yen to 3.8818/8900 from 3.8627/8694 on Thursday, and went down against the euro to 4.4907/5001 from 4.4889/4961 yesterday. -- Bernama