KUALA LUMPUR, March 29 ― Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb surplus liquidity from the financial system.

The central bank estimated today's liquidity at RM30.72 billion in the conventional system and RM18.72 billion in Islamic funds.

BNM will conduct a conventional money market tender of RM1.5 billion for seven days and an Islamic range maturity auction Qard tender of RM5.85 billion for two days to 14 days.

The central bank will also conduct a Commodity Murabahah Programme tender of RM700 million for 21 days.

At 4pm, BNM will conduct an up to RM29 billion in conventional overnight tender and a RM11.8 billion overnight Qard. ― Bernama