KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday as investors remained on the sidelines ahead of the 2014 Budget announcement this Friday, dealers said.
At 5pm, the domestic currency stood at 3.1680/1720 against the greenback from 3.1480/1510 recorded on Friday last week.
Meanwhile, the ringgit was also lower against other major currencies.
It fell versus the Singapore dollar at 2.5515/5552 from 2.5344/5370 last Friday and depreciated against the yen to 3.2290/2334 from 3.2149/2186 previously.
The local currency fell against the British pound to 5.1217/1294 from 5.0664/0725 last Friday and reduced against the euro to 4.3300/3364 from 4.2908/2955 recorded previously.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 RM21.22 billion from the RM23.43 billion estimated in the morning, while in the Islamic system, it dipped to RM2.81 billion from RM5.28 billion.
BNM had earlier called for four conventional tenders, two repo and three Al-Wadiah tenders.
It also called for a RM19 billion conventional money market tender and a RM2.8 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 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