KUALA LUMPUR, Nov 8 — 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 RM42.1 billion from RM44.34 billion this morning, while Islamic funds’ liquidity eased to RM30.1 billion from RM38.65 billion, previously.
Earlier today, the central bank called for three conventional money market tenders, three Qard tenders and a reverse repo tender.
At 4pm, BNM called for a RM41.3 billion conventional money market tender and a RM30.1 billion murabahah money market tender, both for one-day money.
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
