KATHMANDU, Aug 24: Nepal Rastra Bank (NRB) is set to mop Rs 50 billion from the market through auction in a bid to manage liquidity.
According to NRB, the amount will be raised for a period of 21 days, with the auction scheduled for 3 pm on Sunday via an online bidding system.
The central bank has called for proposals from banks and financial institutions. Principal and interest payments will be made on September 14.
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Meanwhile, NRB still has Rs 3.08 trillion mobilized through deposit collection instruments that is yet to mature.
