Ringgit hits RM4.4 against US dollar, lowest since March 2020

The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

At 9.19am, the local note stood at 4.4050/4080 versus the greenback from Wednesday’s close of 4.3960/3975.

The ringgit hit a record low on...