KATHMANDU, Oct 7: Nepal Rastra Bank (NRB) has announced plans to withdraw Rs 90 billion from the market to manage liquidity. The central bank will collect the amount through a bidding process for a period of 12 days.
For this purpose, NRB has called for proposals from banks and financial institutions. The online bidding will take place at 3 PM on Tuesday.
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The principal and interest amounts will be settled on October 19, the central bank stated.
