NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit opens marginally lower Posted: 18 Apr 2013 06:42 PM PDT The ringgit opened marginally lower against the US dollar, in earlier trading session, on lack of buying interest for the local currency, dealers said. At 9am, the ringgit was quoted at 3.0345/0365 versus the greenback against yesterday's close of 3.0330/0350. Investors were holding on to more safe haven assets especially the greenback due to the brittle outlook for the US economy following weaker-than-expected employment rates. The market is also awaiting the release of the US first-quarter Gross Domestic Product data, due on April 26, which is estimated to increase by three per cent.
It fell against the yen to 3.0916/0963 from 3.0892/0919 on Thursday and declined against the British pound to 4.6375/6436 from 4.6190/6235 yesterday. The ringgit depreciated against the euro to 3.9629/9674 from 3.9581/9610 yesterday and was slightly lower against the Singapore dollar at 2.4561/4587 from 2.4549/4567 on Thursday.-- Bernama |
| Short-term rates to remain stable Friday Posted: 18 Apr 2013 06:45 PM PDT Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to mop up excess liquidity from the financial system. The central bank estimated today's liquidity at RM26.415 billion in the conventional system and RM4.852 billion in Islamic funds. Bank Negara will call for a RM500 million Al-Wadiah tender for seven days and another RM250 million tender for 14 days. The central bank will also conduct four conventional tenders comprising RM1 billion each for seven, 14, 21 and 28 days, as well as, a RM400 million repo tender for 31 days.
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