KATHMANDU, Jan 21: Nepal Rastra Bank (NRB) is set to withdraw Rs 20 billion from the market as part of its liquidity management measures. The central bank will raise the amount through an auction for a 63-day period.
For this purpose, NRB has invited proposals from banks and financial institutions. The online bidding process will be held on Wednesday at 3 pm.
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The central bank will repay both principal and interest on March 25. According to NRB, Rs 350.70 billion previously absorbed through the deposit collection instrument is yet to mature.
