KUALA LUMPUR: The ringgit closed lower against the US dollar today as investors remained cautious awaiting the outcome of the three-day Organisation of the Petroleum Exporting Countries (OPEC) meeting in Algiers that began on Monday.
At 9.02 am, the ringgit was quoted at 4.1400/1450 against the greenback from 4.1260/1320 on Monday.
A dealer said investors remained sceptical over OPEC’s willingness to cooperate and ease a supply glut, despite Brent crude oil prices edging up 3.2 per cent to US$47.35 a barrel on Monday.
Meanwhile, the local note also traded lower against a basket of major currencies.
It fell against the British pound to 5.3625/3711 from Monday’s close of 5.3349/3452 and went down against the yen to 4.1268/1338 from 4.1047/1110.
The ringgit also eased against the Singapore dollar to 3.0408/0451 from 3.0298/0347 while weakening against the euro to 4.6546/6611 from 4.6368/6452 on Monday. -- Bernama