KUALA LUMPUR, Sept 21 ― 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 RM30.08 billion in the conventional system and RM12.52 billion in Islamic funds.    

BNM will conduct a RM5 billion range maturity auction (RMA) tender for two to 61 days and a RM500 million repo tender for 30 days.

The central bank will also conduct a RM6.3 billion Qard Islamic RMA tender for seven to 21 days.

At 4pm, BNM will conduct up to RM24 billion in conventional overnight tender and a RM6.3 billion overnight Qard.           ― Bernama