KUALA LUMPUR, July 5 — 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 rose to RM36.39 billion from RM33.59 billion this morning, while Islamic funds’ liquidity fell to RM16.46 billion from RM19.49 billion previously.

Earlier, the central bank conducted two reverse repo tenders and a Bank Negara Interbank Bills (BNIB) tender.

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.

The central bank has revised the conventional overnight tender from RM35.5 billion to RM38 billion.

At 4pm, BNM called for a RM38 billion conventional money market tender and a RM17.5 billion murabahah money market tender, both for one-day money.

The Malaysia Islamic Overnight Rate (MYOR-i) stood at three per cent as of July 4. — Bernama