Ringgit down against US dollar
RINGGIT
KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday in tandem with the regional currencies, as the greenback strengthened after a stronger-than-expected jobs data amid weaker Chinese industrial production and retail sales output.
The ringgit was quoted at 3.1090/1120 from 3.1045/1065 last week.
The local currency appreciated against the Singapore dollar to 2.4894/4920 from 2.4924/4942 and strengthened against the yen to 3.2352/2386 from 3.2508/2546.
It was also traded higher against the British pound to 4.6402/6459 from 4.6568/6604 and appreciated against the euro to 4.0408/0450 from 4.0632/0664.
KUALA LUMPUR: Short-term rates closed steady yesterday as Bank Negara Malaysia intervened to absorb excess liquidity from the financial system.
The liquidity surplus in the conventional operations was trimmed to RM15.07 billion from RM28.48 billion estimated in the morning while the excess in the Islamic system eased to RM1.1 billion from RM2.27 billion earlier.
The central bank conducted eight tenders - four conventional, an Al-Wadiah, a repo and a commodity murabahah programme.
Bank Negara also issued a late tender for RM15 billion in the conventional operations and a RM1.1 billion Al-Wadiah tender, both for one-day money.
The overnight rate stood at 2.90 per cent while the one-week, two-week and three-week rates were pegged at 2.98, 3.01 and 3.04 per cent, respectively.
KLIBOR
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives closed flat yesterday, with only one outright transaction, dealers said.
Spot month March 2013, April 2013 and May 2013 were unchanged at 96.79 each, respectively, while June 2013 stayed at 96.78.
Total volume stood at 280 lots while open interest totalled 10,880 contracts.
At the 11am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama
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