KUALA LUMPUR, Nov 4 — 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 RM31.61 billion in the conventional system and RM11.60 billion in Islamic funds. 

BNM will conduct four Qard tenders comprising RM1.1 billion for seven days, RM1.9 billion for 14 days, RM1.2 billion for 21 days and RM200 million for 31 days.

It will also call for a range maturity auction (RMA) money market tender of RM7 billion for four to 61 days. 

At 4pm, it will conduct up to RM24.6 billion in conventional overnight tender and a RM7.2 billion overnight Qard. — Bernama