NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit opens softer against US dollar Posted: 17 Jun 2013 06:55 PM PDT The ringgit continued its downtrend against the US dollar, in early trade, on selling pressure with growing expectation that the US will pare down its bond-buying programme which will reduce the amount of money flowing into Asian financial markets, dealers said. The ringgit weakened to 3.1455/1485 against the greenback from 3.1315/1345 yesterday. The local currency eased against the Singapore dollar to 2.5034/5074 from 2.4966/5010 yesterday and declined against the yen to 3.3184/3226 from 3.3015/3054. It dipped against the British pound to 4.9444/9494 from 4.9199/9256 on Monday and depreciated against the euro to 4.2036/2080 from 4.1787/1833 yesterday.-- Bernama |
| Short-term rates to remain stable Posted: 17 Jun 2013 07:14 PM PDT Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia (BNM) intervenes to absorb excess
The central bank estimated today's liquidity at RM26.448 billon in the conventional system and RM3.042 billion in Islamic funds. The BNM will call for a RM6 billion money market tender with range maturity auction for two days to 92 days. It will also conduct Crepo tenders comprising RM200 million for 30 days and RM500 million for 122 days. The central bank will carry out Al-Wadiah tenders of RM400 million each for seven days and 21 days and RM500 million for 14 days. At 4pm, Bank Negara will conduct up to RM19.7 billion in conventional overnight tender and a RM1.8 billion Al-Wadiah overnight tender.-- Bernama |
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