Ringgit Closes Lower Against US Dollar

KUALA LUMPUR, Oct 13 (Bernama) -- The ringgit continued to close lower Thursday on bearish sentiment following revised data released by Bank Negara Malaysia (Malaysia's Central Bank) showing large bond sell-off by foreign investors in September. At 6 pm, the ringgit was quoted at 4.2110/2170 against the greenback from 4.1900/2000 on Wednesday. A dealer said the central bank revised the September bond sell-off figure to US$1.99 billion (RM8.4 billion) from the initial US$332.61 million (RM1.4 billion). "With the revision, September had the largest monthly bond sell-off since August last year," he said. The local note was traded lower against other major currencies. It depreciated against the Singapore dollar to 3.0400/0461 from Wednesday's 3.0318/0395 and weakened against the Japanese yen to 4.0522/0599 from 4.0448/0552. The ringgit eased against the British pound to 5.1332/1409 from 5.1294/1437 on Wednesday and declined against the euro to 4.6409/6480 from 4.6165/6288. -- BERNAMA