NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit opens slightly lower versus US dollar Posted: 01 May 2013 06:59 PM PDT The ringgit opened slightly lower against the US dollar, in early trading Thursday, on weak demand from investors, a dealer said. At 9.19am, the ringgit was quoted at 3.0475/0505 versus the greenback against Tuesday's 3.0410/0440. The foreign exchange market was closed on Wednesday for Labour Day. The dealer said investors' interest was more in favour of the US dollar due to lack of clear market direction for the local note.
Meanwhile, the ringgit was traded lower against other major currencies. The local note weakened against the Singapore dollar to 2.4704/4748 from 2.4633/4678 on Tuesday and fell sharply against the euro to 4.0160/0209 from 3.9702/9751 previously. It depreciated against the Japanese yen to 3.1301/1345 from 3.1139/1185 yesterday and declined against the British pound to 4.7419/7472 from 4.7120/7182 on Tuesday.-- Bernama |
| Short-term rates to remain stable Thursday Posted: 01 May 2013 07:01 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 RM35.571 billion in the conventional system and RM15.465 billion in Islamic funds. Bank Negara will call for four Al-Wadiah tenders, namely RM1.6 billion for seven days, RM200 million for 14 days, RM700 million for 28 days and RM1.7 billion for 36 days. The central bank will also conduct a RM10 billion range maturity auction programme for between five days and 92 days, as well as, a RM400 million repo tender and a RM150 million Commodity Murabahah Programme for 14 days.
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