KUALA LUMPUR, Oct 17 — Short-term rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

BNM estimated today's liquidity at RM35.05 billion in the conventional system and RM11.25 billion in Islamic funds.

The central bank will conduct a RM8.0 billion Islamic range-maturity auction tender for 3-92 days, and three Qard tenders -- RM1.3 billion for seven days, RM1.5 billion for 14 days and RM500 million for 21 days.

It would also call for a  RM1.0 billion commodity murabahah programme for 31 days and a RM600 million repo tender for 62 days.

At 4 pm, BNM will conduct up to RM26.5 billion in conventional overnight tenders and a RM7.0 billion Qard overnight tender. — Bernama