KUALA LUMPUR, Nov 19 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.

BNM estimated today's liquidity at RM39.27 billion in the conventional system and RM13.72 billion in Islamic funds.

The central bank will conduct two conventional money market tenders of RM3 billion each for seven days and 14 days respectively, as well as a repo tender of RM800 million for 32 days.

It will also conduct a RM3.45 billion Qard for seven days and a RM1.1 billion Commodity Murabahah Programme for 14 days.

At 4pm, BNM will conduct up to RM31.0 billion in conventional overnight tender and a RM9.2 billion Qard overnight tender. ― Bernama