KATHMANDU, Dec 24: Nepal Rastra Bank (NRB) has announced plans to mop Rs 25 billion from the market for 16 days as part of its liquidity management measures.
The central bank will collect the amount through a bidding process and has invited proposals from banks and financial institutions. 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 paid on January 9. Currently, Rs 665.35 billion earlier absorbed through deposit collection instruments is yet to mature.
The central bank has also mopped up Rs 304 billion through the short-term Standing Deposit Facility (SDF).
