KUALA LUMPUR: Short-term interbank rates ended stable yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system.

       Liquidity in the conventional system fell to RM35.50bil from RM37.33bil yesterday morning, while for Islamic funds, it slipped to RM19.4bil from RM25.26bil. Earlier yesterday, the central bank called for four conventional money market tenders, an Islamic Range Maturity Auction Qard tender and a reverse repo tender.

       At 4pm yesterday, Bank Negara called for a RM35.5bil conventional money market tender and a RM19.4bil murabahah money market tender, both for one-day money.

       The average Islamic overnight interest rate stood at 1.72%, while the one, two and three-week rates stood at 1.78%, 1.82%, and 1.85%, respectively. — Bernama