NST Online Business Times : latest
NST Online Business Times : latest |
| Stable short-term rates seen today Posted: 21 Nov 2013 06:02 PM PST Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervene to reduce excess liquidity in the financial system. The central bank estimated today's liquidity at RM22.434 billion in the conventional system and RM3.984 billion in Islamic funds. The bank will conduct three conventional money market tenders -- RM2 billion each for seven days and 14 days, respectively, and RM1 billion for 28 days. It will also conduct two repo tenders -- RM400 million each for 31 days and 45 days, respectively.
At 4pm, the bank will undertake a conventional overnight tender of up to RM16.8 billion and a RM2.9 billion Al-Wadiah overnight tender.-- Bernama |
| Ringgit opens lower vis-a-vis US dollar Posted: 21 Nov 2013 06:08 PM PST The ringgit was traded lower against the US dollar in the morning session today due to renewed interest for the greenback
At 9.27am, the ringgit was quoted at 3.2065/2095 against the greenback from yesterday's close at 3.2045/2075. A dealer said the ringgit is expected to trade between 3.2000-3.2300 range today. Meanwhile, the ringgit was traded mostly lower against a basket of foreign currencies. However, the local currency appreciated against the Japanese yen to 3.1688/1727 from 3.1810/1852 yesterday but eased against the euro to 4.3204/3251 from Thursday's 4.3024/3070. The ringgit also weakened against the Singapore dollar to 2.5658/5686 from Thursday's 2.5657/5685 and fell against the British pound to 5.1910/1971 from 5.1570/1631 yesterday.-- Bernama |
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