KUALA LUMPUR, Oct 21 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)'s intervention to absorb excess liquidity from the financial system.

BNM estimated today's liquidity at RM36.096 billion in the conventional system and RM8.597 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM3.5 billion for seven days and a Qard of RM2.3 billion for seven days.

The central bank will also call for a commodity murabahah programme tender of RM350 million for 14 days.

At 4pm, BNM will conduct an overnight conventional tender of up to RM30 billion and a RM6 billion Wadiah tender. ― Bernama