KUALA LUMPUR: The ringgit ended the week higher against the US dollar on strong buying interest.
The domestic currency was quoted at 3.1785/1815 against the greenback from Thursday's close of 3.1900/1930.
A dealer said the ringgit had improved as risk sentiment rebounded on growing hopes for a deal in Washington to end a fiscal standoff and possibly avoid a US default.
The ringgit rose versus the Singapore dollar to 2.5459/5491 from 2.5485/5515 on Thursday and soared against the yen to 3.2310/2347 from 3.2601/2648 previously.
The local currency also appreciated against the British pound to 5.0746/0801 from 5.0839/0900, and was higher against the euro at 4.3102/3149 from 4.3175/3229 on Thursday.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates closed stable yesterday on Bank Negara's intervention to absorb excess liquidity from the financial system through various instruments.
The liquidity surplus in the conventional system fell to RM15.04 billion from RM25.35 billion estimated in the morning while in the Islamic system, it dwindled to RM2.77 billion from RM5.33 billion previously.
The bank had earlier called for three conventional money market tenders, a repo tender, an Al-Wadiah tender and a Commodity Murabahah Programme.
It also called for a RM15 billion conventional money market tender and a RM2.7 billion Al-Wadiah tender, both for three-day money.
The overnight rate stood at 2.92 per cent while the one-, two- and three-week rates stood at 2.97 per cent, 3.02 per cent and 3.04 per cent, respectively.KLIBORKUALA LUMPUR:
The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts closed untraded yesterday.
Spot month October 2013, November 2013 and December 2013 each remained pegged at 96.79, while March 2014 stood at 96.77.
At the 11 am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama