Short-term rates end stable on Bank Negara’s ops

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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

 

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