NRB mops Rs 40 billion from system to manage liquidity

Published On: August 7, 2024 08:20 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Aug 7: The Nepal Rastra Bank (NRB) mopped an additional amount of Rs 40 billion from the banking system for liquidity management.

The NRB is going to mop Rs 40 billion for 21 days through a bidding instrument.

Banks and financial institutions were required to submit proposals by 3 PM on Wednesday. Similarly, Rs 37.6 billion mopped earlier by the central bank is yet to mature.

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