KUALA LUMPUR, Oct 13 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system fell to RM42.10 billion from RM43.93 billion this morning, while Islamic funds’ liquidity dropped to RM22.52 billion from RM28.19 billion previously.
Earlier today, the central bank called for three conventional money market tenders, three Qard tenders as well as two reverse repo tenders.
At 4 pm, BNM called for a RM41.50 billion conventional money market tender and a RM22.50 billion Murabahah money market tender, both for one-day monies.
The average Islamic overnight rate stood at 1.72 per cent, while the one-, two- and three-week rates stood at 1.78 per cent, 1.82 per cent, and 1.85 per cent, respectively. — Bernama
