The ringgit opened lower against the US dollar on Wednesday on weak demand for the local currency, dealers said.
At 9am, the ringgit was traded at 4.1630/1700 from 4.1520/1620 against the greenback last Friday.
A dealer said the local note's position was also in line with the US dollar which opened at a 3 1/2-month low today, influenced by the global economic slowdown as global oil prices slid again.
"With the greenback trading at this level following the fall in global crude oil prices, the US Federal Reserve might hold back its decision to raise interest rates in the near future," he added.
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At 9am, the ringgit was traded at 4.1630/1700 from 4.1520/1620 against the greenback last Friday.
A dealer said the local note's position was also in line with the US dollar which opened at a 3 1/2-month low today, influenced by the global economic slowdown as global oil prices slid again.
"With the greenback trading at this level following the fall in global crude oil prices, the US Federal Reserve might hold back its decision to raise interest rates in the near future," he added.
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