KUALA LUMPUR, Nov 12 ― Short-term interbank rates closed stable today on Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity in the financial system.

The liquidity surplus in the conventional system fell to RM32.7 billion from RM39.08 billion earlier, while in the Islamic system, it eased to RM8.9 billion from RM11.99 billion previously.

In the morning, BNM called for two conventional money market tenders, a Qard tender, a Commodity Murabahah Programme tender and a reverse repo tender.

The central bank conducted a late conventional overnight tender for RM30 billion and a RM8.9 billion Qard teder, both for one-day money.   

The overnight Islamic reference rate stood at 3.21 per cent, while the one-, two- and three-week rates were 3.28 per cent, 3.33 per cent and 3.37 per cent respectively. ― Bernama