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

Today's liquidity is estimated at RM42.75 billion in the conventional system and RM16.89 billion in Islamic funds.

The central bank will conduct four conventional money market tenders comprising RM3 billion each for seven days and 14 days, as well as RM2 billion each for 21 days and 32 days.

It will also issue three Qard tenders comprising RM300 million for seven days and RM900 million each for 14 days and 21 days, as well as Bank Negara Interbank Bills (BNIB) of RM1 billion for 30 days.

At 4 pm, it will conduct up to RM32.7 billion in conventional overnight tender and a RM14.7 billion Qard. 

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