KUALA LUMPUR, Oct 31 -- Short-term interbank rates closed stable today on Bank Negara Malaysia’s intervention to reduce excess liquidity from the financial system.
The liquidity surplus in the conventional system fell to RM18.370 billion from RM35.673 billion estimated in the morning, while in the Islamic system it declined to RM3.181 billion from RM8.189 billion.
The central bank had earlier called for one range maturity auction tender, an Al-Wadiah tender, a repo tender and a Commodity Murabahah Programme tender.
It also called two two late tneders of RM18.3 billion conventional money market tender and a RM3.1 billion Al-Wadiah tenders, both for one-day money.
The overnight rate stood at 2.92 per cent, while the one-, two- and three-week rates stood at 2.98 per cent, 3.02 per cent and 3.04 per cent, respectively. — Bernama
