KATHMANDU, April 13: Nepal Rastra Bank (NRB) is set to mop Rs 30 billion from the market on Sunday as part of its liquidity management strategy. The NRB plans to collect the amount through a 21-day deposit auction.
For this purpose, NRB has invited proposals from banks and financial institutions. The bidding will be conducted online on Sunday at 3 pm.
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The principal and interest will be repaid by the NRB on May 4. Currently, a total of Rs 128.30 billion raised through deposit collection instruments by the NRB is yet to mature.