KUALA LUMPUR, Nov 20 ― 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 RM39.88 billion in the conventional system and RM13.85 billion in Islamic funds.

The central bank will conduct two conventional money market tenders of RM4 billion for seven days and RM2 billion for 14 days, as well as a Qard tender of RM3.5 billion for seven days.

It will also conduct two repo tenders of RM1.25 billion for 45 days and  RM750 million for 31 days, plus a RM1 billion Commodity Murabahah Programme for 14 days.

At 4pm, BNM will conduct up to RM30.0 billion in conventional overnight tender and a RM9.4 billion Qard overnight tender. ― Bernama