MONEY MARKET

in the Islamic system, it eased to RM8.07 billion from RM11.61 billion previously.

Earlier, BNM conducted three tenders, comprising one each of conventional money market, Qard and reverse repo.

The central bank also conducted a RM31 billion conventional and RM7.8 billion Qard money market tenders, both for one- day money.

The overnight Islamic reference rate stood at 2.96 per cent, while the one-, two- and three- week rates stood at 3.02 per cent, 3.06 per cent and 3.11 per cent, respectively.