KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday on lack of fresh leads, dealers said.
At the close, the domestic currency was quoted at 3.1790/1820 against the greenback from last Friday's close of 3.1785/1815.
The ringgit was mostly lower against other currencies.
It eased against the Singapore dollar to 2.5518/5544 from 2.5459/5491 last Friday and depreciated against the yen to 3.2333/2367 from 3.2310/2347 previously.
The local currency also declined against the British pound to 5.0753/0807 from 5.0746/0801 but was higher against the euro at 4.3082/3129 from 4.3102/3149 previously.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates remained stable at close yesterday as Bank Negara Malaysia (BNM) continued to intervene to mop up excess liquidity in the financial system.
The liquidity surplus in the conventional system fell to RM14.86 billion from the RM20.17 billion estimated in the morning, while in the Islamic system, it dipped to RM2.40 billion from RM5.68 billion.
BNM had earlier called for three conventional money market tenders, a repo tender and three Al-Wadiah tenders.
It also called for a RM14.5 billion conventional money market tender and a RM2.4 billion Al-Wadiah tender, both for two-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. 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