Ringgit higher against US dollar
KUALA LUMPUR: The ringgit closed higher against the US dollar, supported by strong buying interest, dealers said.
The local currency was quoted at 3.1665/1695 against the greenback from Tuesday's 3.1715/1735.
"The stronger ringgit was also in line with the positive trend in most regional currencies amid tepid US jobs data," a dealer said.
Meanwhile, the ringgit was mixed against a basket of currencies.
It appreciated against the Singapore dollar to 2.5547/5575 from 2.5554/5572 on Tuesday and rose against the british pound to 5.1110/1172 from 5.1144/1182.
It eased against the yen to 3.2547/2591 from 3.2234/2271 and fell against the euro to 4.3558/3609 from Tuesday's 4.3354/3388. 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 RM15.66 billion from RM22.67 billion estimated in the morning, while in the Islamic system, it declined to RM1.498 billion from RM3.70 billion.
BNM had earlier called for a range maturity auction tender, two repo tenders and three Al-Wadiah tenders.
It also called for a RM15.6 billion conventional money market tender and a RM1.5 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. - Bernama