Ringgit depreciates further against US$ early Thursday
At 9.05 am(0105gmt), the local unit was traded at 4.4500/4600 to the greenback from 4.4400/4450 on Wednesday.
KUALA LUMPUR: Weak sentiment towards emerging currencies, brought on by speculation of a December US interest rate hike, pushed the ringgit to depreciate further against the greenback in early trade Thursday.
At 9.05 am(0105gmt), the local unit was traded at 4.4500/4600 to the greenback from 4.4400/4450 on Wednesday.Despite higher overnight crude oil prices, which sometime provided support to the ringgit, investors accumulated position for the US dollar.
The greenback rose to a 14-year high against a basket of currencies following upbeat economic data that showed US economy on track for steady growth.
On the local front, Bank Negara Malaysia yesterday maintained the overnight policy rate at 3.0 per cent and also kept the statutory reserve requirement ratio at 3.5 per cent.
The central bank said it would continue to provide liquidity to ensure the stability of the domestic foreign exchange market.
BNM said the risk of destabilising financial imbalances were contained, but would continue to monitor them.
Against other major currencies, the local unit traded mostly higher.
The ringgit rose against the Singapore dollar to 3.1013/1086 from 3.1136/1175 on Tuesday, strengthened versus the yen to 3.9534/9655 from 3.9993/4.0049, and expanded against the euro to 4.6872/6995 from 4.7117/7175 previously.
However, the ringgit depreciated vis-a-vis the British pound to 5.5327/5473 from 5.4945/5011 yesterday.
-- BERNAMA
EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: NOV 24:
SELLING BUYING BUYING
TT/OD TT OD
1 US DOLLAR 4.5110 4.3990 4.3890
1 AUSTRALIAN DOLLAR 3.3340 3.2330 3.2170
1 BRUNEI DOLLAR 3.1540 3.0590 3.0510
1 CANADIAN DOLLAR 3.3450 3.2500 3.2380
1 EURO 4.7630 4.6290 4.6090
1 NEW ZEALAND DOLLAR 3.1780 3.0540 3.0380
1 PAPUA N GUINEA KINA 1.5290 1.2870 1.2710
1 SINGAPORE DOLLAR 3.1535 3.0590 3.0510
1 STERLING POUND 5.6040 5.4730 5.4530
1 SWISS FRANC 4.4320 4.3230 4.3080
100 UAE DIRHAM 124.6200 117.9700 117.7700
100 BANGLADESH TAKA 5.7790 5.4550 5.2550
100 CHINESE RENMINBI 65.4000 62.8000 0.0000
100 DANISH KRONE 65.8000 60.4500 60.2500
100 HONGKONG DOLLAR 59.0100 55.8700 55.6700
100 INDIAN RUPEE 6.6850 6.2700 6.0700
100 INDONESIAN RUPIAH 0.0348 0.0313 0.0263
100 JAPANESE YEN 4.0210 3.8920 3.8820
100 NEW TAIWAN DOLLAR N/A N/A 0.0000
100 NORWEGIAN KRONE 53.8400 49.4500 49.2500
100 PAKISTAN RUPEE 4.3900 4.1100 3.9100
100 PHILIPPINE PESO 9.1900 8.6500 8.4500
100 QATAR RIYAL 125.4200 119.3000 119.1000
100 SAUDI RIYAL 121.8600 115.6800 115.4800
100 SOUTH AFRICA RAND 32.7700 30.1700 29.9700
100 SRI LANKA RUPEE 3.1400 2.8700 2.6700
100 SWEDISH KRONA 50.2400 45.6900 45.4900
100 THAI BAHT 13.5000 11.4000 11.0400
-- BERNAMA
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