The local currency strengthens to 3.9855/4.0050 amid efforts to balance fiscal discipline and rising living costs.
KUALA LUMPUR: The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.
At 8am, the local currency strengthened to 3.9855/4.0050 against the greenback from Thursday’s close of 3.9920/3.9955. - FMT
MORE TO COME
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