KATHMANDU, Dec 3: Nepal Rastra Bank (NRB) is set to mop Rs 60 billion from the market to manage liquidity. The central bank will raise the amount for 28 days through a bidding process.
For this, NRB has invited proposals from banks and financial institutions. The online bidding will take place on Wednesday at 3 PM.
Related story
Revised interest rate corridor system introduced
The principal and interest will be settled by December 31. According to the central bank, Rs 420 billion withdrawn earlier through deposit collection instruments is yet to mature.
Similarly, NRB has already absorbed Rs 401 billion through the short-term Standing Deposit Facility (SDF).
-1200x560-1764836409.webp)
