KUALA LUMPUR, Sept 6 — 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 fell to RM37.31 billion from RM39.84 billion this morning, while Islamic funds’ liquidity rose to RM22.69 billion from RM22.28 billion previously.

Earlier, the central bank conducted two conventional money market tenders, two reverse repo tenders, as well as a Bank Negara Interbank Bills (BNIB) tender.

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

At 4 pm, BNM called for a RM37.3 billion conventional money market tender and a RM22.4 billion murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 2.97 per cent as of Sept 5. — Bernama