NRB to issue repo worth Rs 50 billion

Published On: December 29, 2022 02:35 PM NPT By: Republica  | @RepublicaNepal


NRB to issue repo worth Rs 50 billion

KATHMANDU, Dec 29: Nepal Rastra Bank (NRB) is to issue a repo worth Rs 50 billion for managing liquidity in banks and financial institutions (BFIs).

The central bank is issuing the repo for liquidity management as a large amount of money would go out from the banking system in the form of revenue upon payment of the first installment of the income tax on January 14.

NRB is auctioning the repo today. The repo is being issued for a total 45 days. The Category A, B and C BFIs can participate in the bidding process. The repo will mature on February 12, according to the NRB.

(RSS)

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