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ECONOMY

NRB to mop Rs 30 billion to manage liquidity

Nepal Rastra Bank (NRB) is set to withdraw another Rs 30 billion from the market as part of its liquidity management efforts.
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By Republica

KATHMANDU, May 11: Nepal Rastra Bank (NRB) is set to withdraw another Rs 30 billion from the market as part of its liquidity management efforts.



The NRB is going to raise deposits of Rs 30 billion through a bidding process for 21 days.


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To facilitate this, the bank has invited proposals from banks and financial institutions. The bidding will be conducted online at 3 pm on Sunday.


The principal and interest amount will be paid on June 1.

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