Kuala lumpur: The ringgit ended mostly higher against major currencies on Thursday, but weakened against the greenback, as investors digested the US Federal Reserve's (Fed) latest interest rate decision, an analyst said. At 6 pm, the local currency fell to 4.0965/1010 against the greenback from Tuesday's close of 4.0835/0880. The market was closed on Wednesday for a public holiday.

According to BERNAMA News Agency, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid stated that the Fed is unlikely to be done with its 25-basis-point rate hike yesterday. He suggested that further increases may be on the horizon as the US central bank remains committed to bringing inflation back to its two per cent target.