KATHMANDU, May 14: Nepal Rastra Bank (NRB) is set to mop Rs 35 billion from the market on Wednesday as part of its liquidity management strategy. The NRB plans to collect the amount through a 21-day deposit auction.
For this purpose, NRB has invited proposals from banks and financial institutions. The bidding will be conducted online on Wednesday at 3 pm.
The principal and interest will be repaid by the NRB on June 4. Currently, a total of Rs 138.25 billion raised through deposit collection instruments by the NRB is yet to mature.