Short-term rates close stable
Short-term rates closed stable today, with Bank Negara Malaysia intervening in the money market to absorb excess liquidity, dealers said.
The liquidity surplus in the conventional operations fell to RM12.31 billion from RM18.17 billion estimated in the morning while the excess in the Islamic system eased to RM1.99 billion from RM3.21 billion earlier.
The central bank conducted seven tenders -- four conventional, a repo, an Al-wadiah and a commodity murabahah programme.
Bank Negara also issued a late conventional tender for RM12.5 billion and an Al-Wadiah tender for RM2 billion, both for one-day money.
The overnight rate stood at 2.90 per cent, while the one-week, two-week and three-week rates were pegged at 2.98 per cent, 3.01 per cent and 3.04 per cent, respectively.-- Bernama
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