KATHMANDU, Dec 28: Nepal Rastra Bank (NRB) is set to withdraw Rs 20 billion from the market as part of its liquidity management measures.
The central bank has invited proposals from banks and financial institutions to collect the amount through a bidding process for a 12-day period. The auction will be conducted online on Wednesday at 3 pm.
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According to NRB, both the principal and interest will be repaid on January 9. The liquidity will be absorbed through short-term instruments.
So far, the central bank has mopped up Rs 271 billion through the Standing Deposit Facility (SDF). In addition, deposits worth Rs 576.8 billion collected earlier through deposit collection instruments are yet to mature.
