KUALA LUMPUR, Sept 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 fell to RM37.31 billion from RM38.97 billion this morning while Islamic funds’ liquidity increased to RM22.01 billion from RM20.74 billion previously.
Earlier, the central bank conducted one conventional money market tender, one Qard tender and two reverse repo tenders.
It also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities for tenors of one to three months.
BNM revised the murabahah overnight tender from RM20.2 billion to RM21.0 billion.
At 4pm, BNM called for a RM37.30 billion conventional money market tender and a RM21 billion murabahah money market tender, both for one-day money.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of September 4. — Bernama