KUALA LUMPUR, June 21 — 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 expanded to RM50.61 billion from RM49.33 billion this morning while Islamic funds’ liquidity declined to RM24.95 billion from RM29.56 billion previously.

Earlier, the central bank conducted a conventional money market tender, one commodity Murabahah programme and two reverse repo tenders.

BNM also announced the availability of reverse repo, sale and buy-back agreements, as well as collateralised commodity Murabahah facilities for tenors of one to three months.

BNM revised the conventional overnight tender to RM49.6 billion from RM48.3 billion.

At 4 pm, BNM called for a RM49.6 billion conventional money market tender and a RM25.0 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of June 20. — Bernama