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Short-term rates close stable on Bank Negara's intervention

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Short-term rates close stable on Bank Negara's intervention Empty Short-term rates close stable on Bank Negara's intervention

Post by hlk Thu 31 Oct 2013, 18:21

Business & Markets 2013
Written by Bernama
Thursday, 31 October 2013 17:29
A + A - Reset
KUALA LUMPUR (Oct 31): Short-term interbank rates closed stable today on
Bank Negara Malaysia's intervention to reduce excess liquidity from the
financial system.
The liquidity surplus in the conventional system fell to RM18.370 billion from
RM35.673 billion estimated in the morning, while in the Islamic system it
declined to RM3.181 billion from RM8.189 billion.
The central bank had earlier called for one range maturity auction tender, an
Al-Wadiah tender, a repo tender and a Commodity Murabahah Programme
tender.
It also called two two late tneders of RM18.3 billion conventional money market
tender and a RM3.1 billion Al-Wadiah tenders, both for one-day money.
The overnight rate stood at 2.92 per cent, while the one-, two- and three-week
rates stood at 2.98 per cent, 3.02 per cent and 3.04 per cent, respectively.
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hlk
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