KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia's (BNM) operations to mop up excess liquidity from the financial system.
The surplus in the conventional system eased to RM32.2 billion from RM35.96 billion this morning, and in the Islamic system, it fell to RM16.2 billion from RM21.22 billion.
Earlier today, the central bank conducted a range maturity auction money market tender of RM7 billion for three to 31 days.
It also called for three Qard tenders of RM1.9 billion for seven days, RM1.4 billion for 14 days and RM1 billion for 21 days.
In addition, BNM revised the conventional overnight tender to RM31.7 billion from RM29 billion.
At 4pm, the central bank conducted a RM31.7 billion conventional money market tender and a RM16.2 billion Murabahah money market tender, both for two-day money.
The average Islamic overnight interest rate stood at 2.96 per cent, while the one-, two- and three-week rates were pegged at 3.03 per cent, 3.07 per cent and 3.12 per cent, respectively. - BERNAMA
