PETALING JAYA: Short-term interbank rates closed steady yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system.

       Liquidity in the conventional system fell to RM47.01bil from RM52.78bil yesterday morning.

       For Islamic funds, meanwhile, it decreased to RM22.71bil from RM31.08bil previously.

       Earlier, the central bank called for a range maturity auction tender, an Islamic range maturity auction tender and one reverse repo tender.

       At 4pm, Bank Negara called for a RM47bil conventional money market tender and a RM22.7bil 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. — Bernama