KUALA LUMPUR: Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system increased to RM33.50 billion from RM30.49 billion this morning, while liquidity in Islamic funds fell to RM16.40 billion from RM19.53 billion previously.
Earlier, the central bank conducted two reverse repo tenders and an Islamic reverse repo tender.
It also announced the availability of reverse repo, sell and buy back agreements, and collateralised commodity murabahah facilities with tenors of one week, one month and three months.
At 4pm, BNM called for a RM33.50 billion conventional money market tender and a RM16.40 billion murabahah money market tender, both for one-day maturities.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3% as of Nov 1.