KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system declined to RM39.02 billion from RM40.47 billion this morning, while for Islamic funds, it eased to RM23.97 billion from RM27.54 billion earlier.
Earlier, the central bank called for four conventional money market tenders, three Qard tenders, a reverse repo tender and a commodity Murabahah programme tender.
BNM also announced the availability of reverse repo, sale and buy-back agreement and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4pm, it called for a RM38 billion conventional money market tender and a RM23.5 billion Murabahah money market tender, both for one-day monies.
The average Islamic overnight rate stood at 1.72 per cent, while the one-, two- and three-week rates stood at 1.78 per cent, 1.82 per cent and 1.85 per cent, respectively. – BERNAMA
