Ringgit rises against US dollar
RINGGIT
KUALA LUMPUR: The ringgit edged higher against the US dollar yesterday as interbank traders trimmed position on the US dollar and sought more cover in local unit, dealers said.
At the close, the ringgit was quoted at 3.1065/1095 from 3.1075/1105 yesterday. A dealer said the ringgit gained from the improving US economy which in turn improved the risk appetite.
Meanwhile, the ringgit was also lower against other major currencies. It was flat against the Singapore dollar at 2.4892/4932 and eased against the yen to 3.2396/2435 from 3.2296/2344 previously.
The ringgit traded lower against the British pound at 4.6368/6419 from 4.6299/6356 and eased against the euro to 4.0444/0486 from 4.0394/0440 on Monday.
INTERBANK RATES
KUALA LUMPUR: Short-term rates closed steady yesterday, with Bank Negara Malaysia intervening in the money market to absorb excess liquidity, dealers said.
The liquidity surplus in the conventional operations fell to RM10.01 billion from the RM17.02 billion estimated in the morning, while the excess in the Islamic system eased to RM1.78 billion from RM2.59 billion.
The central bank conducted four tenders - a range maturity auction, a repo, an Al-wadiah and a commodity murabahah programme.
Bank Negara also issued a late conventional tender for RM10 billion and an Al-Wadiah tender for RM1.8 billion, 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 untraded yesterday.
Spot month March 2013, April 2013 and May 2013 all remain pegged at 96.79, while June 2013 stayed at 96.78.
At the 11am fixing, the underlying three-month KLIBOR stood at 3.21 per cent. - Bernama
PDF
EMAIL
PRINT
CURRENCY CONVERTER
