KUALA LUMPUR, Nov 5 — The ringgit extended its gains against the US dollar and other major currencies on Thursday, closing firmer following Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent.
The decision was made during the central bank’s final Monetary Policy Committee meeting of the year today.
At 6pm, the local note rose to 4.0445/0490 versus the greenback from Wednesday’s close of 4.0610/0660.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the decision to keep the OPR unchanged at 2.75 per cent was in line with estimates.
