KATHMANDU, June 18: Nepal Rastra Bank (NRB) is set to mop Rs 90 billion from the market to manage liquidity. The central bank will mop the amount through a bidding process to offer deposits.
For this, NRB has invited proposals from banks and financial institutions. The bidding will take place online at 3 PM on Wednesday.
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The principal and interest will be repaid by NRB on July 23. Previously, NRB had collected Rs 175 billion through its deposit collection instrument, which is yet to mature.
