KATHMANDU, March 25: Nepal Rastra Bank (NRB) is set to withdraw Rs 40 billion from the market for 21 days as part of its liquidity management measures.
The central bank will raise the amount through a bidding process and has invited proposals from banks and financial institutions. The auction is scheduled to take place online at 3:00 pm on Wednesday.
Related story
Revised interest rate corridor system introduced
According to NRB, both the principal and interest will be repaid on April 15.
Earlier, the central bank had already absorbed around Rs 600 billion through deposit collection instruments, which are yet to mature.
