NST Online Business Times : latest
NST Online Business Times : latest |
| Ringgit opens higher Wednesday Posted: 07 May 2013 07:00 PM PDT The ringgit opened higher today on improved risk appetite for emerging currencies and US dollar selling pressure due to the
At 9.04am, the ringgit was quoted at 2.9780/9810 against the greenback's 2.9815/9845 at yesterday's close. Against other major currencies, the ringgit was traded mostly higher. The local currency strengthened against the Singapore dollar to 2.4154/4190 from yesterday's close at 2.4187/4229 and appreciated against the British pound to 4.6082/6121 from 4.6335/6391 and advanced against the euro to 3.8937/8966 from 3.8989/9040 Tuesday.The ringgit, however, depreciated against the yen to 3.0111/0138 from yesterday's 3.0071/0107 as the Japanese currency received a boost after the market reopened following a long holiday.-- Bernama |
| Short-term rates to remain stable Posted: 07 May 2013 07:03 PM PDT [unable to retrieve full-text content]Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system. The central bank estimated today's liquidity at RM31.727 billion in the conventional system and RM11.513 billion in Islamic funds. Bank Negara will conduct a RM12 billion range maturity auction for two to 124 days and a RM200 million repo tender for 33 days. It will also conduct three Al-Wadiah tenders comprising RM400 million for seven days, RM3.2 billion for 21 days and RM1.4 billion for 28 days. At 4pm, Bank Negara will conduct up to RM19.5 billion in conventional overnight tender and a RM6.3 billion Al-Wadiah overnight tender.-- Bernama |
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