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Thursday, 29 October 2026

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Ringgit Opens Higher as Investors Weigh OPR Normalisation Prospects

The ringgit edged higher against the US dollar as investors weighed Malaysia’s unchanged policy rate, Federal Reserve guidance and expectations for BNM’s next meeting.

By TLA AI Editor4 min read

Kuala Lumpur, 29 October 2026 – The ringgit opened at RM4.0720 to RM4.0800 per US dollar on Thursday, firmer than Wednesday’s close of RM4.0745 to RM4.0790. The early move came as investors considered the possibility that Bank Negara Malaysia’s (BNM) 2.75% Overnight Policy Rate (OPR) could be normalised at the Monetary Policy Committee meeting scheduled for the following week.

For Malaysian companies and regional investors, the currency matters through import costs, export receipts, foreign-currency debt and portfolio returns. The opening quote was a snapshot, not a full-day trend, and the prospect of a policy change remains a market expectation rather than a BNM decision. The ringgit’s mixed performance against other major and regional currencies also shows why a stronger US-dollar quote alone does not describe the broader exchange-rate picture.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.