The ringgit closed unchanged against the US dollar today in lacklustre trading, as most investors stayed on the sidelines
despite the country's record high foreign direct investments (FDI) inflow.
At 5pm, the local unit was quoted at 3.3210/3240 against the greenback, unchanged from yesterday.
The Ministry of International Trade and Industry today announced that Malaysia's FDI last year rose to RM38.77 billion from RM31.12 billion in 2012, exceeding the country's highest-ever-recorded FDI of RM37.33 billion in 2011.
A dealer said investors were wary of a sluggish China economy as the US Federal Reserve was expected to keep scaling back its stimulus, prompting more outflows from emerging markets.
"Asia, however, would deal with such issues better than other developing countries, given the region's stronger economic fundamentals," he said.
The local unit was traded mixed against other major currencies.
It rose against the Singapore dollar to 2.6203/6231 from 2.6253/6279 yesterday and improved against the euro at 4.5255/5303 from 4.5279/5326 on Wednesday.
The local note fell against the British pound to 5.5258/4321 from
5.4637/4703 yesterday and weakened against the yen at 3.2527/2572 from 3.2400/2436 previously.-- Bernama
