KUALA LUMPUR, Oct 27 —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 narrowed to RM42.20 billion from RM46.88 billion this morning, while Islamic funds’ liquidity expanded to RM37.97 billion from RM40.78 billion previously.
Earlier today, the central bank called for a conventional money market tender, three Qard tenders and two reverse repo tenders.
The availability of reverse repo, sale and buy-back agreement and collateralised commodity murabahah facilities for tenors of one to three months were also announced earlier.
At 4 pm, BNM called for a RM42.20 billion conventional money market tender and a RM37 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
