Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar today on weak buying interest, dealers said. At 9am, the ringgit was quoted at 4.2770/2880 against the greenback from 4.2550/2650 on Friday. A dealer said the local note is still subdued due to the possibility of an interest rate hike by the US Federal Reserve next month. The local unit was also lower against other major currencies. It eased against the Singapore dollar to 3.0226/0323 from 3.0177/0261 on Friday and depreciated against the yen to 3.4820/4924 from 3.4752/4842 previously.