KATHMANDU, Jan 28: Nepal Rastra Bank (NRB) is set to withdraw Rs 20 billion from the market for liquidity management purposes. The central bank will raise the amount for 63 days through a bidding process.
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NRB has invited proposals from banks and financial institutions for the transaction. The auction will be conducted online on Wednesday at 3:00 pm.
The principal and interest will be paid on April 1. According to NRB, Rs 448.75 billion previously absorbed through deposit collection instruments is yet to mature.
