KUALA LUMPUR: The ringgit closed lower against the United States dollar for the third day yesterday, dampened by weak risk appetite among investors, dealers said.
At the close, the local note fell against the greenback to 3.1461/1490 from 3.1440/1470 on Tuesday.
Against other major currencies, the ringgit was traded mixed.
The local currency closed higher versus the yen to 3.2031/2070 from 3.2191/2228 on Tuesday and appreciated to 5.0504/0563 from 5.0519/0580 previously.
Against the Singapore dollar, the ringgit fell to 2.5398/5430 from 2.5357/5389 on Tuesday and slipped to 4.3306/3352 from 4.3241/3285 recorded previously.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates closed stable yesterday on Bank Negara Malaysia's intervention to reduce excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM20.56 billion from RM28.31 billion estimated in the morning, while in the Islamic system, it declined to RM2.88 billion from RM2.41 billion.
The central bank had earlier called for one range maturity auction tender, an Al-Wadiah tender and two Commodity Murabahah Programme tenders.
It also called for a RM20.5 billion conventional money market tender and a RM1.5 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.93 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 November 2013, December 2013 and January 2014 all remained pegged at 96.79 while March 2014 stood at 96.78.
At the 11 am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama