KATHMANDU, Feb 25: Nepal Rastra Bank (NRB) has announced plans to raise Rs 40 billion from the market for 88 days as part of its liquidity management efforts.
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The central bank will conduct the operation through a bidding process, inviting proposals from commercial banks and financial institutions. The online bidding is scheduled for Wednesday at 3:00 PM.
NRB has stated that the principal and interest on the raised amount will be repaid on May 24. The bank also noted that Rs 478 billion collected through previous deposit mobilization instruments is still pending maturity.
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