KUALA LUMPUR, Oct 12 — The ringgit closed higher against the US dollar and other major currencies today, supported by positive market sentiment following the Budget 2027 announcement last week, an analyst said.

At 6pm, the ringgit strengthened to 4.0820/0865 against the greenback from Friday’s close of 4.0830/0875.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam said Budget 2027 reflected the government’s commitment to fiscal discipline, prompting a favourable response from investors.

“The ringgit was positive against the greenback today despite the heightened external risk, with Brent crude oil prices staying elevated. The weekend attack at a Saudi airport in Riyadh suggests the war in West Asia could potentially escalate to a wider conflict,” he told Bernama.