KUALA LUMPUR: The ringgit traded easier against the US dollar yesterday in tandem with most Asian currencies, weighed down by the absence of progress on the United States budget standoff.
The local note was quoted at 3.1940/1970 against the greenback from Monday's 3.1880/1910.
The ringgit was also traded lower against a basket of currencies.
The local unit depreciated against the Singapore dollar to 2.5570/5603 from Monday's 2.5518/5544 and fell against the yen to 3.2911/2959 from Monday's 3.2883/2931.
It ended slightly lower against the British pound at 5.1296/1350 from 5.1234/1286 and marginally lower against the euro to 4.3346/3393 from 4.3312/3362 previously.INTERBANK RATESKUALA LUMPUR:
Short-term interbank rates closed stable yesterday on Bank Negara's intervention to absorb excess liquidity from the financial system through various instruments.
The liquidity surplus in the conventional system fell to RM23.04 billion from RM30.15 billion estimated in the morning while in the Islamic system, it dwindled to RM3.34 billion from RM11.08 billion.
The bank also called for a range maturity auction tender, an Al-Wadiah tender, a Commodity Murabahah Programme and two repo tenders.
The central bank also called for a RM20.7 billion conventional money market tender and a RM3.3 billion Al-Wadiah tender, both for one-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