SHORT-TERM rates were steady at close yesterday as Bank Negara Malaysia continued to intervene through its tenders to absorb surplus funds in the money market, a dealer said.As a result, the liquidity surplus in the conventional operations was reduced to RM18.87 billion and in Islamic funds, to RM5.24 billion.
The central bank had earlier estimated the day's surplus at RM29.90 billion in the conventional operations and RM9.67 billion in Islamic funds.Bank Negara had earlier called for four tenders in the conventional operations, four Al-Wadiah tenders and a repo tender.
It also called for two late tenders, involving RM18.8 billion of one-day money in the conventional operations and an Al-Wadiah tender of RM5.2 billion, for one day.The overnight rate was quoted at 1.91 per cent while the one-week, two-week and three-week rates were at 1.94, 1.97 and 1.98 per cent respectively
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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