KATHMANDU, Nov 26: Nepal Rastra Bank (NRB) has announced plans to raise Rs 30 billion from the market to manage liquidity. The central bank will mobilize the funds through a 42-day bidding process.
For this purpose, NRB has invited proposals from banks and financial institutions. The bidding will take place online on Wednesday at 3:00 PM.
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The principal and interest on this amount will be repaid on January 7.
Previously, NRB had raised Rs 3.064 billion through deposit collection instruments, which are yet to mature. In addition, it has mobilized Rs 5.87 billion through short-term deposit facilities (SDFs).
