KUALA LUMPUR, Nov 30 — 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 declined to RM42.23 billion from RM56.63 billion this morning while Islamic funds’ liquidity went up to RM42.0 billion from RM36.79 billion.

Earlier today, the central bank called for three conventional money market tenders, a reverse repo tender and one Commodity Murabahah Programme tender.

BNM revised the Murabahah overnight tender to RM41.0 billion from RM33.6 billion.

At 4pm, it called for a RM42.2 billion conventional money market tender and a RM41.0 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic overnight rate (MYOR-i) stood at 2.75 per cent as of Nov 29, 2022. — Bernama