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 widened to RM39.96 billion from RM36.66 billion this morning, while liquidity in Islamic funds was lower at RM22.13 billion from RM24.56 billion previously.
Earlier, BNM conducted one reverse repo tender.
It also announced the availability of reverse repo, sale and buy-back agreements, as well as collateralised commodity Murabahah facilities with tenors of one and three months.
BNM revised the conventional overnight tender to RM39.9 billion from RM38.2 billion.
At 4 pm, the central bank called for a RM39.90 billion conventional money market tender and a RM22.10 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 July 22.
Source: BERNAMA News Agency
