Kuala Lampur, April 16 --  

KUALA LUMPUR, April 16 - The ringgit opened marginally higher against the US dollar today, supported by optimism that renewed US-Iran talks could ease tensions along key global oil routes.

At 8 am, the local currency edged up to 3.9510/9570 against the greenback, from 3.9550/9600 at yesterday's close.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said markets were pinning hopes on a second round of US-Iran talks delivering an outcome that could reopen the Strait of Hormuz and further de-escalate the conflict.

He added that inflation concerns, driven by war-related pressures on US firms and rising US Treasury yields, would keep borrowing costs elevated, as the US Federal Re...