KUALA LUMPUR, July 13 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system slid to RM48.43 billion from RM50.38 billion this morning, while Islamic funds’ liquidity eased to RM23.62 billion from RM24.10 billion previously.

Earlier, the central bank conducted two reverse repo tenders and Bank Negara Interbank Bills Islamic (BNIBI) tender.

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

At 4 pm, BNM called for a RM48.30 billion conventional money market tender and a RM23.60 billion murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of July 12. — Bernama