KUALA LUMPUR, Oct 20 — 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 RM34.93 billion in the conventional system and RM11.37 billion in Islamic funds.

The central bank will conduct a RM7.0 billion range-maturity auction (RMA) tender for 5-61 days, as well as a RM4.7 billion Islamic RMA for 7-21 days.

It would also call for a  RM400 million commodity murabahah programme for 31 days and a RM100 million reverse repo tender for 94 days.

At 4pm, BNM will conduct up to RM28.0 billion in conventional overnight tenders and a RM6.3 billion Qard overnight tender. — Bernama