KUALA LUMPUR: Short-term interbank rates closed steady yesterday on Bank Negara’s operations to absorb surplus liquidity in the financial system, Bernama reported.

       Liquidity in the conventional system fell to RM35.1bil from RM40.03bil yesterday morning while for Islamic funds, it eased to RM15.8bil from RM19.13bil previously.

       Earlier, the central bank called for three conventional money market tenders and two qard tenders. At 4pm, Bank Negara called for a RM35.1bil conventional money market tender and a RM15.8bil murabahah money market tender, both for one-day money.

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