KUALA LUMPUR, June 28 — The ringgit settled higher versus the US dollar today, rebounding from yesterday’s losses, on renewed demand and in line with the steadier crude oil prices, an analyst said.
At press time, global benchmark Brent crude oil was traded at US$117.30 per barrel, up by 1.89 per cent. S&P has affirmed the “A-”rating for long-term and “A-2” for short-term foreign currency sovereign credit ratings, as well as Malaysia’s “A” rating for long-term and “A-1” for short-term local currency ratings.
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