KUALA LUMPUR, Oct 25 — 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 RM40.08 billion in the conventional system and RM10.01 billion in Islamic funds.

The central bank will conduct a RM12 billion range maturity auction money market tender for 2-92 days, a RM100 million repo tender for 33 days and a Commodity Murabahah Programme tender valued at RM800 million for 33 days.

The central bank will also call for three Qard tenders comprising RM1.5 billion for seven days, RM800 million for 14 days and RM500 million for 21 days.

It also will conduct four Qard tenders comprising RM100 million for seven days, RM600 million each for 14 days and 31 days, respectively, and RM1.2 billion for 21 days and a reverse repo tender of RM300 million for 14 days.

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