KUALA LUMPUR, Sept 30 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system. 

BNM estimated today’s liquidity at RM52.31 billion in the conventional system and RM12.85 billion in Islamic funds. 

The central bank will conduct a conventional money market tender of RM15 billion for five to seven days and a RM2.9 billion repo tender for 13 days.

The bank will also conduct a RM2.3 billion Qard tender for seven days and a RM3 billion Commodity Murabahah Programme for seven days.  

At 4pm, the central bank will conduct overnight tenders of up to RM32 billion conventional and a RM8.7 billion Qard. — Bernama