Short-term rates close stable

Short-term interbank rates closed stable today as Bank Negara Malaysia intervened to absorb excess liquidity from the financial system.

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130802095450/Article/index_html
Published: August 02, 2013

The liquidity surplus in the conventional operations fell to RM14.445 billion from RM27.720 billion estimated in the morning, and in the Islamic system, it declined to RM3.456 billion from RM9.668 billion earlier.

Earlier, the bank called for a RM10 billion range-maturity auction programme for three days to 94 days and two repo tenders of RM400 million each for 31 days and 46 days, respectively.

It also called for a RM3.8 billion Al-Wadiah tender for three days to 91 days and a Commodity Murabahah Programme tender of RM500 million for 25 days.

It issued a late conventional tender for RM14.5 billion and a RM3.5 billion Al-Wadiah tender, both for three-day money.

The overnight rate remained at 2.92 per cent while the one-, two- and three-week rates stood at 2.98 per cent, 3.01 per cent and 3.04 per cent, respectively.-- Bernama