KATHMANDU, Nov 2: Nepal Rastra Bank (NRB) is set to mobilize Rs 40 billion from the market to manage liquidity, issuing a 175-day instrument through auction.
The central bank has called for proposals from banks and financial institutions, with the auction scheduled to be held online at 3 PM on Sunday.
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NRB has announced that the principal and interest will be settled on April 26.
Earlier, the central bank had withdrawn Rs 130 billion through the Deposit Collection Instrument, which is yet to mature. NRB has also absorbed Rs 669 billion through the Standing Deposit Facility (SDF), a short-term liquidity absorption tool.
