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ECONOMY

NRB to mop Rs 40 billion from banking system for liquidity management

KATHMANDU, Sept 4: Nepal Rastra Bank (NRB) is going to mop an additional amount of Rs 40 billion from the banking system for liquidity management.
By Republica

KATHMANDU, Sept 4: Nepal Rastra Bank (NRB) is going to mop an additional amount of Rs 40 billion from the banking system for liquidity management. 


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


Banks and financial institutions are required to submit proposals by 3 PM on Wednesday. Meanwhile, Rs 121 billion mopped earlier by the central bank is yet to mature. 

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