KUALA LUMPUR, Nov 13 — Short-term interbank rates closed stable today on intervention by Bank Negara Malaysia (BNM) to mop up excess liquidity from the financial system.

The liquidity surplus in the conventional system fell to RM11.89 billion from the RM12.7 billion estimated earlier, while in the Islamic system, it shrank to RM2.65 billion from RM7.52 billion.

In the morning, the central bank called for five tenders — one conventional money market, one repo, one Commodity Murabahah Programme and two Al-Wadiah.

BNM also conducted a late tender in the conventional money market for RM12.0 billion and a RM3.0 billion tender in the Al-Wadiah money market, both for one-day money.

The overnight Islamic reference rate stood at 3.22 per cent, while the one-, two- and three-week rates stood at 3.27 per cent, 3.31 per cent and 3.35 per cent respectively. — Bernama