KATHMANDU, Sept 24: Nepal Rastra Bank (NRB) has announced plans to raise Rs 40 billion from the market to manage liquidity. The central bank will collect the amount through a bidding process for a four-day period.
For this purpose, NRB has invited proposals from banks and financial institutions. The bidding will take place online at 3 PM on Wednesday.
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The principal and interest will be settled on September 28. Meanwhile, Rs 248.90 billion previously raised through the deposit collection instrument remains outstanding.
