KUALA LUMPUR: The ringgit opened marginally lower against the greenback today, on the back of weaker crude oil prices in early trade, said dealers.
At 9am, the local unit slid to 4.4780/4820 against the US dollar from Monday’s close of 4.4760/4810.
A dealer said the benchmark Brent Crude oil price had a slight downward trajectory at US$55.93 per barrel, while West Texas Intermediate was lower at US$53.76 per barrel.
On the current state of crude oil prices, RHB Research said in a note traders were prompted to maintain long positions, as market strength remained encouraging.
The ringgit traded mixed against other major currencies.
It depreciated against the Singapore dollar to 3.0904/0949 from Monday’s 3.0895/0946, strengthened against the yen to 3.8062/8112 from 3.8168/8214 and declined against the British pound to 5.5017/5079 from 5.4921/4995.
However, the local note trimmed vis-a-vis the euro to 4.6853/6900 from 4.6770/6831. --BERNAMA