KUALA LUMPUR: The ringgit closed higher against the US dollar yesterday on positive external sentiments after the US senate passed the debt ceiling proposal.
At 5pm, the domestic currency was quoted at 3.1480/1510 against the greenback from Wednesday's 3.1715/1745 close.
The ringgit was also higher against other major currencies. It firmed against the Singapore dollar to 2.5344/5370 from 2.5501/5535 on Wednesday and appreciated against the yen to 3.2149/2186 from 3.2231/2264 previously.
The local currency rose against the British pound to 5.0664/0725 from 5.0826/0890 previously and gained against the euro to 4.2908/2955 from 4.2917/2961 on Wednesday.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates closed steady yesterday on Bank Negara Malaysia's (BNM) intervention to reduce excess liquidity in the financial system.
The liquidity surplus in the conventional system fell to RM15.29 billion from the RM21.55 billion estimated in the morning, while in the Islamic system, it dipped to RM3.21 billion from RM5.53 billion.
BNM had earlier called for three conventional tenders, a repo and three Al-Wadiah tenders. It also called for a RM15.3 billion conventional money market tender and a RM3 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.92 per cent, while the one-week, two-week 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 contract on Bursa Malaysia Derivatives closed unchanged to higher yesterday.
One outright transaction of 20 lots were transacted for December 2014 which gained one tick to 96.62.
Spot month November 2013, December 2013 and January 2014 remained pegged at 96.79 each while March 2014 added one tick to 96.78.
At the 11am fixing, the three-month KLIBOR was pegged at 3.21 per cent. - Bernama