KUALA LUMPUR, Aug 29 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system fell to RM42.28 billion from RM47.53 billion this morning while Islamic funds’ liquidity increased to RM20.81 billion from RM20.47 billion previously.

Earlier, the central bank conducted a conventional money market tender, one Qard tender, two reverse repo tenders and a Bank Negara Interbank Bills Islamic (BNIBI) tender.

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

BNM revised the Murabahah overnight tender to RM19.80 billion from RM19.20 billion.

At 4pm, BNM called for a RM42.30 billion conventional money market tender and a RM19.80 billion murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of August 28. — Bernama