Ringgit falls for fourth straight day
KUALA LUMPUR: The ringgit closed lower against the US dollar for the fourth consecutive day as more investors shifted to euro following news about a possible US government shutdown, dealers said.
The local note was quoted at 3.2215/2245 per US dollar from 3.2140/2170 on Tuesday.
Meanwhile, the ringgit fell against most major currencies.
The ringgit was lower versus the Singapore dollar at 2.5657/5683 from 2.5614/5654 on Tuesday and was weaker versus the yen at 3.2679/2726 from 3.2422/2459 previously.
The local note also depreciated against the British pound to 5.1515/1569 from 5.1363/1424 on Tuesday and declined against the euro to 4.3477/3521 from 4.3370/3417 previously.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 RM22.74 billion from RM27.86 billion estimated in the morning, and dwindled to RM2.91 billion from RM7.02 billion in the Islamic system.
The central bank called for one money market tender, two repos and one Al-Wadiah tenders.
The central bank also called for a RM20.5 billion conventional money market tender and a RM2.9 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, 3.01 per cent and 3.04 per cent respectively.KLIBORKUALA LUMPUR:
The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract ended untraded yesterday.
October 2013, November 2013 and December 2013 each remained pegged at 96.78, respectively. At the 11 am fixing, the underlying three-month KLIBOR stood at 3.20 per cent. - Bernama