KUALA LUMPUR, June 25 — Short-term interbank rates closed stable today following Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.            

The liquidity surplus in the conventional system fell to RM17.995 billion from the RM23.543 billion estimated in the morning, while in the Islamic system, the excess declined to RM1.494 billion from RM7.967 billion.          

In the morning, the central bank called for a range maturity auction programme, a repo tender and a Islamic range maturity auction.            

The central bank conducted a late conventional money market tender for RM18 billion and a RM1.5 billion Al-Wadiah money market tender, both for one-day money.

The overnight Islamic reference rate stood at 2.96 per cent, while the one-week, two and three-week rates stood at 3.05 per cent, 3.09 per cent and 3.13 per cent, respectively. — Bernama