KUALA LUMPUR, Oct 6 — The ringgit opened slightly higher against the US dollar on Tuesday, although the greenback remained supported by expectations of higher US interest rates. 

At 8am, the ringgit rose to 4.0835/0895 against the US dollar from yesterday’s close of 4.0845/0890.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar index (DXY) rose 0.23 per cent to 102.167 points, reflecting the stronger greenback.

“As a result, the ringgit was likely to remain within a narrow trading range,” he told Bernama. 

He added that the US dollar had also strengthened as demand for the currency increased, with some investors seeking safer assets amid global uncertainty.