KUALA LUMPUR, Oct 12 —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 went down to RM32.01 billion from RM33.49 billion this morning, while the Islamic funds’ liquidity decreased to RM19.80 billion from RM20.52 billion previously.

Earlier today, the central bank called for two conventional money market tenders, two Qard tenders and two reverse repo tenders.

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

At 4 pm, the central bank called for a RM32 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 three per cent as of Oct 11. — Bernama