SHORT-TERM RATES TO REMAIN STEADY

KUALA LUMPUR, Nov 24 (Bernama) -- Short-term rates are expected to remain steady today as Bank Negara Malaysia continues to mop up excess liquidity from the financial system. The central bank estimated a surplus of RM28.878 billion in conventional operations and RM5.69 billion in the Islamic system. It has called for five conventional money market tenders comprising RM2 billion each for eight-days, three-weeks and 45-days, respectively.

The bank is also calling for a RM3 billion convenional tender, each for one-month and 36-days, respectively.

Bank Negara Malaysia is also issuing a repo tender to borrow RM500 million for 45-days and two Al-Wadiah tenders of RM1.5 billion for six-days and RM500 million for 13-days.

-- BERNAMA

MI VMD