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 fell to RM41.73 billion from RM51.07 billion this morning, while Islamic funds’ liquidity rose to RM42.01 billion from RM38.55 billion previously, Bernama reported on Monday.
Earlier today, the central bank called for two conventional money market tenders, one Qard tender and two reverse repo tenders.
BNM also revised the Murabahah overnight tender from RM36.0 billion to RM41.0 billion.
At 4pm, BNM called for a RM41.7 billion conventional money market tender and a RM41.0 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.
