KUALA LUMPUR, Sept 2 — Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) continuous intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM28.494 billion in the conventional system and RM 11.016 billion in Islamic funds. 

BNM will conduct a RM7 billion range maturity auction tender for four days to 61 days, as well as a RM5.6 billion Islamic range maturity auction tender for seven days to 28 days.

At 4pm, BNM will conduct an up to RM21.5 billion in conventional overnight tender and a RM5.5 billion overnight Qard. — Bernama