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Short-Term Rates To Remain Steady
KUALA LUMPUR, Nov 4 (Bernama) -- Short-term rates are expected to remain steady on Wednesday, with Bank Negara's continued intervention to offset excess liquidity in the financial system, dealers said.
The central bank estimated RM34.828 billion surplus in conventional operations and RM13.191 billion in the Islamic system.
It has called for four conventional money market tenders comprising RM2 billion each for one week and three weeks, respectively, RM3 billion for a month and RM500 million for three months.
The bank is also issuing a repo tender to borrow RM500 million for two months and four Al-Wadiah tenders of two RM500 million each for two weeks and three weeks, respectively, RM1 billion for one week and RM1.2 billion for 28 days.
In addition, it will conduct a Commodity Murabahah Programme money market tender to borrow RM50 million for one month.
-- BERNAMA |
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CLOSING, FRIDAY, NOV 20
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US |
3.3840/3870 |
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S'pore
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2.4348/4430 |
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100 Yen
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3.8065/8103 |
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Sterling
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5.6141/6204 |
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Euro |
5.0405/0460 |
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Source: Bank Negara
Malaysia |
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