NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit opens higher against US dollar Posted: 05 Dec 2013 06:03 PM PST The ringgit rebounded to open higher against the US dollar in early trading today on fresh demand after depreciating over the
At 9am, the ringgit was quoted at 3.2220/2250 against a US dollar from 3.2250/2290 close yesterday. A dealer said investors may see the lower ringgit as an opportunity for them to book profit ahead of the weekend. The local unit slipped against the yen to 3.1604/1639 from 3.1590/1641 yesterday and fell against the Singapore dollar to 2.5677/5722 from 2.5685/5737 Thursday. The domestic currency however strengthened against the British pound to 5.2638/2693 from 5.2838/2917 yesterday but eased against the euro to 4.4019/4070 from 4.3873/3937 Thursday.-- Bernama |
| Short-term rates to remain stable Posted: 05 Dec 2013 05:58 PM PST Short-term interbank rates are expected to remain stable today following Bank Negara Malaysia's intervention to reduce excess liquidity from the financial system. The central bank estimated today's liquidity at RM27.21 billion in the conventional system and RM13.52 billion in Islamic funds. The bank will conduct a RM10 billion range maturity auction tender for three to 90 days and two repo tenders comprising RM150 million for 31 days and RM250 million for 62 days. A RM6.3 billion Al-Wadiah tender for four to 90 days will also be conducted along with two Commodity Murabahah Programme tenders comprising RM100 million for 21 days and RM200 million for 31 days.
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