PETALING JAYA: The ringgit yesterday hit 3.2560 against the US dollar in the morning trade, a fresh 10-year high since November 1997, on the back of the bullish equity market. According to economists, strong gains on the local stock market helped the local currency to rise further. The Kuala Lumpur Composite Index (KLCI), which breached the 1,500-point level, closed at 1,516.22, up 24.56 points, yesterday.
(12-01-2008 The Star)
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