KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity is estimated at RM39.76 billion in the conventional system and RM21.83 billion in Islamic funds.

The central bank will conduct one range maturity auction (RMA) money market tender of RM5 billion for two to 30 days and a RM4 billion Islamic range maturity auction Qard tender for seven to 30 days

It will also call for two reverse repo tenders comprising RM1 billion for 30 days and RM745 million for 92 days.

The central bank also announced the availability of reverse repo, sale and buy-back agreement, and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct up to RM35.5 billion conventional overnight tender and RM16.8 billion for Murabahah overnight tender.

-- BERNAMA