MONEY MARKET

conventional system, while in the Islamic system, it declined to RM7.64 billion from RM12.26 billion.

Earlier, the central bank called for a range maturity auction tender, two Qard tenders and a reverse repo tender.

BNM also conducted a RM26.7 billion in conventional overnight tender and a RM7.6 billion Qard overnight tender, 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.