Ringgit opens lower against US$ as oil prices slips


KUALA LUMPUR: The ringgit slipped at the opening Friday, amid the lower crude oil price despite a commitment by the Organisation of the Petroleum Exporting Countries and its allies to cut their oil production by 1.2 million barrel-per-day until March next year, a dealer said.

At 9am, the local note was at 4.1810/1840 versus the greenback from 4.1780/1830 recorded at Thursday’s closing.

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