KATHMANDU, Aug 17: Nepal Rastra Bank (NRB) has announced plans to raise Rs 60 billion from the market to manage liquidity. The amount will be collected through a 32-day auction, with bids from banks and financial institutions invited until 3 pm Sunday via an online system.
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The central bank said both principal and interest will be repaid on September 17. NRB noted that deposits worth Rs 393.55 billion raised earlier under its deposit collection instrument are yet to mature.
