KUALA LUMPUR: The ringgit opened barely changed against the US dollar on the expectation that the US Federal Reserve (Fed) will continue its tight monetary policy going forward. At 9 am, the local currency rose marginally to 4.6460/6495 against the greenback from Monday’s close of 4.6470/6500, which was a fresh 24-year low against the US dollar. The current rate is at 3.25 per cent. SPI Asset Management managing partner Stephen Innes said the higher oil price will cap any ringgit weakness, especially against regional peers who are oil importers. It depreciated against the Japanese yen at 3.2108/2136 from 3.2015/2040 and slid vis-a-vis the euro to 4.5652/5686 from 4.5355/5384 on Monday.
