KATHMANDU, May 18: Nepal Rastra Bank (NRB) is going to mop Rs 2.4 billion from banking and financial institutions to manage liquidity. The central bank will raise this amount through a 21-day deposit auction.
NRB has invited proposals from banks and financial institutions for this purpose. The bidding will be held online on Sunday at 3 pm.
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The principal amount and interest will be paid on June 8. Currently, Rs 169.9 billion collected through deposit instruments by NRB is yet to mature.
