Ringgit opens marginally higher amid cautious market sentiment

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Tuesday amid cautious market sentiment as investors continued to assess global economic developments and the outlook for US interest rates. At 8am, the local currency inched up to 4.0550/4.0610 versus the greenback from Friday’s close of 4.0565/4.0610. The market was closed on Monday for the Deepavali replacement holiday.…