KATHMANDU, July 6: The Nepal Rastra Bank (NRB) is set to withdraw Rs 45 billion from the market to manage liquidity. The central bank will raise the amount through a 42-day repo auction.
For this, NRB has called for proposals from banks and financial institutions. The auction will be held online at 3 pm on Sunday.
The principal and interest will be repaid on August 17. According to NRB, a total of Rs 310 billion drawn earlier through deposit collection tools is still pending maturity.