KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday as traders trimmed their positions ahead of the weekend, dealers said.
The domestic currency was quoted at 3.1550/1580 against the greenback from 3.1480/1510 on Thursday.
A dealer said the ringgit movement was volatile throughout the day, influenced by stronger Chinese growth data, the possibility of a prolonged US economic stimulus and profit-taking ahead of the weekend.
The ringgit eased against the Singapore dollar to 2.5478/5511 from 2.5344/5370 on Thursday and depreciated against the yen to 3.2233/2267 from 3.2149/2186.
It fell versus the pound to 5.1067/1125 from 5.0664/0725 and was lower versus the euro to 4.3192/3236 from 4.2908/2955.INTERBANK RATES KUALA LUMPUR:
Short-term interbank rates closed steady yesterday on Bank Negara Malaysia's (BNM) continuous intervention to reduce excess liquidity in the financial system.
The liquidity surplus in the conventional system fell to RM17.94 billion from the RM23.04 billion estimated in the morning, while in the Islamic system, it dipped to RM2.31 billion from RM4.75 billion.
BNM had earlier called for three conventional tenders, a repo and three Al-Wadiah tenders. It also called for a RM17.5 billion conventional money market tender and a RM2.3 billion Al-Wadiah tender, both for three-day money.
The overnight rate stood at 2.91 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 October 2013, November 2013 and December 2013 remained pegged at 96.79 respectively while March 2014 stood at 96.78.
At the 11am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama