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SHORT-TERM RATES CLOSE STABLE
KUALA LUMPUR, July 2 (Bernama) -- Short-term rates closed stable today as Bank Negara Malaysia continued to intervene in the money market to absorb surplus funds, dealers said.
The overnight, one-week, two-week and three-week rates stood at 1.91 percent, 1.94 percent, 1.96 percent and 1.98 percent respectively.
The liquidity surplus in the conventional system eased to RM21.153 billion from the RM31.119 billion estimated earlier.
For Islamic funds, the total liquidity surplus fell to RM8.721 billion from an earlier estimate of RM14.041 billion.
Bank Negara had earlier conducted five conventional, four Al-Wadiah tenders and a repo tender.
The central bank also conducted a late conventional tender for RM21.1 billion of one-day money and an Al-Wadiah tender for RM8.7 billion of one-day money. -- BERNAMA
SRH AS
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