The ringgit opened lower against the US dollar Thursday weighed down by concern over the fall in oil prices, analysts said.
At 9 am(0100GMT), the local unit was traded lower at 4.3930/4000 against the greenback from Wednesday's closing of 4.3750/3830.
An analyst said the sentiment of lower oil price, now traded at US$29.96 per barrel, has added to the pessimism of economic growth.
"The further slump in the oil prices will definitely raise investors' concern over commodity-currencies, particularly Malaysia, which relies on oil and gas revenues," he said.
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At 9 am(0100GMT), the local unit was traded lower at 4.3930/4000 against the greenback from Wednesday's closing of 4.3750/3830.
An analyst said the sentiment of lower oil price, now traded at US$29.96 per barrel, has added to the pessimism of economic growth.
"The further slump in the oil prices will definitely raise investors' concern over commodity-currencies, particularly Malaysia, which relies on oil and gas revenues," he said.
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