KUALA LUMPUR: The ringgit closed lower against the US dollar for the fourth consecutive day following profit-taking by investors, a dealer said.
The local note fell against the greenback to 3.1541/1570 from 3.1461/1490 on Wednesday.
The dealer said the ringgit slipped due to investors cutting their bullish bets on the best performing emerging Asian currency in October.
The ringgit fell against the Singapore dollar to 2.5467/5499 from 2.5398/5430 and weakened to 3.2093/2126 against the yen from 3.2031/2070 at Wednesday's close.
It was traded lower against the British pound to 5.0579/0638 from 5.0504/0563, but was higher versus the euro to 4.3249/3292 from 4.3306/3352.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 RM18.37 billion from RM35.67 billion estimated in the morning, while in the Islamic system it declined to RM3.18 billion from RM8.19 billion.
The central bank had earlier called for one range maturity auction tender, an Al-Wadiah tender, a repo tender and a Commodity Murabahah Programme tender.
It also called two two late tneders of RM18.3 billion conventional money market tender and a RM3.1 billion Al-Wadiah tenders, both for one-day money.
The overnight rate stood at 2.92 per cent, while the one-, two- and three-week rates stood at 2.98 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 ended flat yesterday, with only one contract month traded, a dealer said.
At the close, the September 2014, which saw an outright transaction, stood at 96.72, with 20 lots traded.
Spot month November 2013, December 2013 and January 2014 remained pegged at 96.79, respectively. Open interest stood at 5,765 contracts.
On the cash market, the underlying three-month KLIBOR was unchanged at 3.21 per cent. - Bernama