SHORT-TERM interbank rates closed steady yesterday on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system eased to RM42.87 billion from RM44.48 billion yesterday morning, while Islamic funds’ liquidity narrowed to RM31.12 billion from RM31.42 billion previously.

The central bank conducted two conventional money market tenders, two reverse repo tenders and two Qard tenders earlier.

It also announced the availability of a reverse repo, sale and buyback agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM called for a RM41.90 billion conventional money market tender and a RM30.10 billion Murabahah money market tender, both for one-day money.

It revised the conventional overnight tender to RM41.9 billion from RM40.8 billion.