Global celebrities, business tycoons and politicians began arriving in India’s financial capital on Friday to attend the wedding of the youngest son of Mukesh Ambani, Asia’s richest man, highlighting the billionaire's staggering wealth and rising clout.
KUALA LUMPUR: The ringgit continued to appreciate against the US dollar today, backed by improved sentiments and demand for the local note, analysts said.
During the trading day, the ringgit touched an intraday high of RM4.6630 versus the greenback and retreated to RM4.6757 later in the afternoon. The Brunei dollar and Singapore dollar each saw a 1.70 per cent decline, while the Indonesian rupiah slipped by 4.57 per cent and the Philippine peso slid by 5.15 per cent versus the US dollar.
"Plus, the United States Federal Reserve chair Jerome Powell, in his testimony to the US Congress, suggested that the interest rate cut could happen, and that the inflation rate doesn't need to go lower than two per cent before they can commence the monetary easing decision.
Ringgit US Dollar Sentiment Mohd Afzanizam Abdul Rashid
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