Ringgit lower against the greenback
KUALA LUMPUR: The ringgit retreated to close lower against the US dollar after Thursday's three-month high as investors booked profits ahead of the weekend.
The local note was quoted at 3.1625/1665 per US dollar from 3.1470/1500 previously.
"Traders were reluctant to take position in the absence of fresh leads," the dealer said.
The ringgit was lower versus Singapore dollar at 2.5324/5375 from 2.5299/5332 but was marginally higher against the yen at 3.1813/1869 from 3.1836/1879 previously.
It depreciated against the British pound to 5.0730/0806 from 5.0591/ 0652 and declined against the euro to 4.2782/2846.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates are expected to remain stable yesterday as Bank Negara intervenes to absorb excess liquidity from the financial system through various instruments.
The central bank estimated today's liquidity at RM25.29 billion in the conventional system and RM4.33 billion in Islamic funds.
The bank will call for a RM8 billion money market tender for three days to 91-days, two repo tenders - RM200 million for 31-days and RM100 million for 91-days.
It will also call for four Al-Wadiah tenders - RM1.4 billion each for seven days and 14-days and RM200 million each for 21-days and 28-days, respectively.
At 4pm, the bank will conduct a conventional overnight tender of up to RM17.0 billion and a RM1.2 billion Al-Wadiah overnight tender. KLIBORKUALA LUMPUR:
The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract ended untraded yesterday.
October 2013, November 2013 and December 2013 each remained pegged at 96.78, respectively.
At the 11 am fixing, the underlying three-month KLIBOR stood at 3.20 per cent. - Bernama