KUALA LUMPUR (March 30): The ringgit opened easier against the US dollar despite news that Malaysia will be removed from the FTSE Russell Watch List and will retain its membership in the FTSE World Government Bond Index.
The FTSE Russell announced late Monday that Malaysia will be removed from the Watch List for potential reclassification of its market accessibility level from “2” to “1” and will retain its membership in the FTSE World Government Bond Index.
At 9am, the ringgit shed 30 basis points to 4.1420/1470 versus the greenback from 4.1390/1440 at Monday’s close.
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