KATHMANDU, Feb 17: Nepal Rastra Bank (NRB) has announced plans to withdraw Rs 50 billion from the market to manage liquidity.
The central bank will raise the amount for a period of 89 days through an auction process. It has invited proposals from banks and financial institutions, with the auction scheduled to be held online on Tuesday at 3:00 pm.
Related story
Revised interest rate corridor system introduced
The principal and interest will be paid on May 17. According to the bank, deposits worth Rs 350.35 billion previously withdrawn through deposit collection instruments are yet to mature.
