KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday on continued profit-taking after its gains last week, dealers said.
The ringgit was at 3.1970/1010 to a US dollar from 3.1625/1665 on Friday.
UOB Economic-Treasury Research said the downward momentum was tapering off.
"The downside risk is likely to be limited this week."
Meanwhile, the ringgit fell against the Singapore dollar to 2.5541/5583 from 2.5324/5375 on Friday.
It was weaker against the yen at 3.2306/2353 from 3.1813/1869 previously.
It also fell versus the British pound to 5.1289/1366 from 5.0730/0806 and slipped against the euro to 4.3227/3290 from 4.2782/2846 recorded on Friday.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 RM19.7 billion from RM23.01 billion, estimated in the morning, and dwindled to RM1.68 billion from RM6.28 billion, estimated earlier, in the Islamic system.
The central bank called for one money market tender, three repos and four Al-Wadiah tenders.
The central bank also called for a RM17.4 billion conventional money market tender and a RM1.7 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, 3.01 per cent and 3.04 per cent, respectively.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