KATHMANDU, Aug 27: Nepal Rastra Bank (NRB) is set to mop Rs 45 billion from the market for 25 days to manage liquidity. The central bank announced that the amount will be collected through bidding.
Related story
Revised interest rate corridor system introduced
For this purpose, NRB has called for proposals from banks and financial institutions. The bidding will take place online at 3 PM on Wednesday.
The principal and interest amount will be settled on September 21. According to the central bank, a total of Rs 304.75 billion raised earlier through deposit collection instruments is still pending maturity.
