Ringgit easier against the greenback
KUALA LUMPUR: The ringgit closed easier against the US dollar yesterday in line with most Asian currencies as investors' appetite shifted towards the greenback, a dealer said.
The local note was quoted at 3.2580/2610 to the greenback from 3.2270/2300 on Friday.
The dealer said Asian currencies fell broadly over the increasing likelihood of a United States government shutdown.
The ringgit declined against the Singapore dollar to 2.5942/5970 from 2.5691/5725 on Friday and was weaker versus the yen at 3.3282/3316 from 3.2705/2752.
It also depreciated against the British pound to 5.2640/2701 from 5.1832/1893 and fell against the euro to 4.3980/4030 from 4.3577/3624.
KUALA 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 RM23.43 billion from RM42.48 billion estimated in the morning, while in the Islamic system, it dwindled to RM4.12 billion from RM6.90 billion.
The central bank called for three Al-Wadiah tenders, a range maturity auction programme and a repo tender.
The central bank also called for a RM22.2 billion conventional money market tender and a RM4.1 billion Al-Wadiah tender, both for one-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.
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts closed higher yesterday, with two contract months traded.
December 2013 rose two points to 96.78, while March 2014 gained four points to 96.72, with turnover amounting to 150 lots.
At the 11 am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama