KUALA LUMPUR: Short-term interbank rates closed steady today following Bank Negara Malaysia (BNM)’s operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system fell to RM34.8 billion from RM36.15 billion this morning, while Islamic funds increased to RM19.5 billion from RM17.86 billion.
Earlier, the central bank conducted an overnight reverse repo tender. It also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities with tenures of one and three months.
BNM revised the murabahah overnight tender to RM19.5 billion from RM17.9 billion.
At 4pm, it called for a RM34.8 billion conventional money market tender and a RM19.5 billion murabahah money market tender, both for one-day maturities.
The Malaysia Islamic overnight rate (MYOR-i) stood at 3.00% as of Oct 7.