KUALA LUMPUR: The ringgit ended slightly lower against the US dollar yesterday on lack of buying demand for the local note.
The ringgit was quoted at 3.1980/1020 against the greenback from Tuesday's 3.1940/1970.
The dealer said the local note was lower against the dollar as most investors stayed on the sidelines to await market direction, given external economic uncertainty.
"The ringgit was traded at between 3.1925 and 3.2142 today," he said.
However, against other currencies, the local note was traded higher.
Against the Singapore dollar, it rose to 2.5545/5581 from 2.5570/5603 on Tuesday and increased to 3.2830/2881 from 3.2911/2959 versus the yen.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates closed stable yesterday on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system through various instruments.
The liquidity surplus in the conventional system fell to RM19.66 billion from RM24.63 billion estimated in the morning while in the Islamic system, it dwindled to RM3.953 billion from RM6.52 billion.
The bank had earlier called for a range maturity auction tender, three Al-Wadiah tenders and a repo tender.
It also called for RM18.5 billion conventional money market tender and a RM3.9 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, 3.02 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 96.77.
At the 11 am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama