tags - Sinar Daily

This follows the decision by the Reserve Bank of India (India's Central Bank) in July 2022 to allow settlement of International trade in Indian Rupees.

Kenanga Research foresees that Bank Negara Malaysia has reached the end of its monetary tightening cycle and will keep the OPR unchanged at 2.75 per cent for the rest of the year.

Bank Negara says the project has tremendous potential for the region. Consumers will be able to enjoy cheaper, faster and more transparent payment and fund transfers among the participating countries in the future. 

picture for illustrative purposes - FILEPIC

Jho Low

The ringgit is likely to remain within a tight range against the US dollar next week ahead of Bank Negara Malaysia’s annual report on March 29, said an economist.

The collapse of Terraform Labs last year wiped out about $40 billion of investors' money and shook global crypto markets. - AFP

The ringgit was traded slightly lower against the US dollar in the early session today as some investors took advantage of the weaker greenback, dealers said.

At 9.20am, the local note rose to 4.4370/4405 versus the greenback compared with yesterday’s closing rate of 4.4530/4580.

SIngapore bay front - FILEPIC