Illustrative image. (Photo: thestar.com.my)

At 6pm, the local note fell further by 110 basis points to 4.7380/7395 versus the greenback from the previous day’s close of 4.7270/7290.

SPI Asset Management Managing Director Stephen Innes said that in line with Asia’s foreign exchange, the ringgit continued its freefall on October 21 after US Treasury 10-year yields moved through 4.25% for the first time since 2008./.