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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.

Today's liquidity is estimated at RM27.54 billion in the conventional system and RM17.27 billion in Islamic funds.

The central bank will issue three conventional money market tenders of RM2 billion for seven days, RM2 billion for 14 days and RM1 billion for 21 days, as well as RM400 million reverse repo tender for 58 days.

It would also conduct three qard tenders comprised of RM1 billion for seven days, RM800 million for 14 days and RM700 million for 21 days, as well as one Bank Negara Interbank Bills Islamic (BNIB) worth RM500 million for 33 days.

At 4 pm, BNM will conduct an up to RM22.9 billion conventional overnight tender and RM14.8 billion Murabahah overnight tender.

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