KUALA LUMPUR, Oct 30 — 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 RM33.85 billion in the conventional system and RM11.74 billion in Islamic funds.

The central bank will conduct a RM9 billion range-maturity auction tender for 2-92 days and a Commodity Murabahah Programme tender comprising RM1 billion for 31 days.

It will also call for three Qard tenders comprising RM700 million for seven days, RM1 billion for 14 days and RM1.5 billion for 21 days.

At 4 pm, BNM will conduct up to RM24.9 billion in conventional overnight tenders and a RM7.5 billion Qard overnight tender. — Bernama