SHORT-TERM RATES END STABLE

KUALA LUMPUR, Nov 24 (Bernama) -- Short-term rates closed unchanged as Bank Negara intervened in the money market to absorb surplus funds, dealers said. The total liquidity surplus in the conventional system decreased to RM23.082 billion from the RM28.878 billion estimated earlier, while Islamic funds were reduced to RM5.29 billion from the RM5.69 billion estimated earlier. The central bank also conducted a late conventional tender for RM23 billion of one-day money and an Al-Wadiah tender for RM5.2 billion of one-day money.

The overnight, one-week, two-week and three-week rates were fixed at 1.99 per cent, 2.01 per cent, 2.02 per cent and 2.05 per cent respectively.

--BERNAMA MI AS