KUALA LUMPUR, June 22 — 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 declined to RM42.28 billion from RM46.08 billion this morning while Islamic funds’ liquidity narrowed to RM28.01 billion from RM28.47 billion previously.

Earlier, the central bank conducted a conventional money market tender, two qard tenders 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 has revised the Murabahah overnight tender to RM27.0 billion from RM25.5 billion.

At 4 pm, BNM called for a RM42.3 billion conventional money market tender and a RM27.0 billion Murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3 per cent as of June 21. — Bernama