KUALA LUMPUR, Dec 28 — 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 fell to RM47.11 billion from RM55.77 billion this morning, while Islamic funds’ liquidity decreased to RM36.41 billion from RM40.88 billion previously.

Earlier, the central bank called for two conventional money market tenders, a commodity Murabahah programme (CMP) tender, and two reverse repo tenders.

BNM also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4 pm, it called for a RM47.10 billion conventional money market tender and a RM36.40 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of Dec 27. — Bernama