KUALA LUMPUR, Nov 10 — 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 RM39.57 billion in the conventional system and RM9.86 billion in Islamic funds.

The central bank will conduct a RM12 billion range maturity auction tender for 94 days and a RM300 million repo tender for 31 days.

It will also conduct three Qard tenders — RM1.4 billion for seven days, RM500 million for 14 days and RM1 billion for 20 days.

At 4 pm, BNM will conduct up to RM27.3 billion in conventional tenders and a RM7.0 billion Qard tender. — Bernama