KUALA LUMPUR, Nov 18 — The ringgit strengthened against the US dollar to close higher buoyed by better demand, said dealers.

At 5pm, the ringgit was quoted at 3.1880/1910 against the US dollar from last Friday’s 3.2010/2040. 

Dealers said the local unit appreciated, drawing strength from the better economic growth recorded in the third quarter as announced by the central bank.

Malaysia’s Gross Domestic Product expanded by five per cent in the third quarter prompted by resilient domestic demand and a recovery in exports. 

Meanwhile, the ringgit traded mixed against other major currencies.

The local note appreciated against the Singapore dollar to 2.5563/5608 from 2.5629/5663 but fell against the yen to 3.1918/1955 from 3.1898/1941 last Friday.

The ringgit advanced against the euro to 4.3032/3079 from last Friday’s 4.3069/3116 but slipped against the British pound to 5.1458/1516 from 5.1408/1466 previously. — Bernama