KATHMANDU, Oct 8: Nepal Rastra Bank (NRB) has announced plans to withdraw Rs 20 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 Wednesday.
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The central bank stated that both the principal and interest amounts will be settled on October 19. NRB also mentioned that Rs 74.55 billion raised earlier through the deposit collection instrument is yet to mature.
