KUALA LUMPUR, Dec 31 (Bernama) -- 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 rose to RM29.70 billion from RM28.29 billion this morning, while liquidity in Islamic funds increased to RM31.40 billion from RM20.03 billion previously.
Earlier today, the central bank conducted two reverse repo tenders, an Islamic reverse repo tender, and an overnight reverse repo tender.
BNM has also revised the Murabahah conventional overnight tender from RM20.30 billion to RM31.40 billion.
At 4 pm, BNM called for a RM29.70 billion conventional money market tender and a RM31.40 billion Murabahah money market tender for two-day maturity.
The Malaysia Islamic Overnight Rate (MYOR-i) stood at 3.00 per cent as of Dec 30.
-- BERNAMA
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