KUALA LUMPUR, Nov 2 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM38.09 billion in the conventional system and RM12.64 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM4.5 billion for seven days and a Qard of RM1.1 billion for seven days.

BNM will also conduct a commodity murabahah programme tender of RM1.6 billion for 14 days and a repo tender of RM600 million for 45 days.

At 4pm, it will conduct an overnight conventional tender of up to RM31 billion and a RM10 billion Wadiah. — Bernama