KUALA LUMPUR, Nov 29 ― 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 RM36.38 billion in the conventional system and RM13.43 billion in Islamic funds.

The central bank will conduct two conventional money market tenders of RM4 billion for seven days and RM3 billion for 14 days.

BNM will conduct three Qard tenders ― RM700 million for seven days, RM500 million for 14 days and RM1.9 billion for 21 days.

It will also conduct one reverse repo tender of RM340 million for 44 days.

At 4pm, BNM will conduct up to RM29.7 billion in overnight conventional tender and a RM10.4 billion overnight Qard tender. ― Bernama