KUALA LUMPUR, Oct 4 — The ringgit has extended its gains against the US dollar from last week to open firmer today, backed by brighter economic prospects for the last quarter of the year.
A dealer told Bernama that the transition of many states into the next phase of the National Recovery Plan would bolster the local economy as well as domestic spending. Meanwhile, in the second Fiscal Policy Committee meeting, the Finance Ministry had also noted that the country’s economy is expected to rebound in 2022, in line with the expected recovery in the global economy throughout the second half of 2021, particularly as more countries step up their vaccination efforts.
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