KUALA LUMPUR, Oct 2 — Short-term interbank rates are expected to remain stable today as Bank Negara intervenes to absorb excess liquidity from the financial system through various instruments.

The central bank estimated today’s liquidity at RM32.611 billion in the conventional system and RM8.206 billion in Islamic funds.

The bank will call for two repo tenders—RM400 million for 33 days, RM100 million for 61 days and a RM12 billion range maturity auction programme for two to 124 days and a RM4.4 billion Al-Wadiah tender for two to 90 days.

At 4 pm, the bank will conduct up to RM20.1 billion conventional overnight tender and RM3.8 billion for Al-Wadiah overnight tender. — Bernama