NRB to mop Rs 40 billion to manage liquidity

Nepal Rastra Bank (NRB) is set to raise Rs 40 billion from the market for liquidity management. The central bank will collect the amount through a 42-day deposit auction.

By Republica

KATHMANDU, June 15: Nepal Rastra Bank (NRB) is set to raise Rs 40 billion from the market for liquidity management. The central bank will collect the amount through a 42-day deposit auction.

For this purpose, NRB has invited proposals from banks and financial institutions. The bidding will be conducted online at 3 PM on Sunday.

The principal and interest will be paid on July 27. According to NRB, a total of Rs 210 billion raised earlier through deposit collection instruments is still pending maturity.

Just in

Market

Forex Update: US dollar rate increases

POLITICS

Minister Adhikari's Rs 3.2 million bribery audiotape lea...

SOCIETY

Heavy rainfall likely in five provinces

Republica watch

Heart-wrenching cries of women from ‘Chhaugoths’

Solo paragliding flights take off in Pokhara after...

Governor Poudel unveils ‘cautiously accommodative’...

More in Politics

POLITICS

Cooling-off period error stemmed from trust in staff: MP Khatiwada

Ramhari Khatiwada, chair of the State Affairs and Good Governance Committee, has stated that trusting government officials led to the blunder in the cooling-off period provision.

POLITICS

UML lawmaker Thapa urges immediate action and investigate against...

Op-Ed

The rise of identity politics in the 21st century

Rebuilding Trust in Democracy Starts with Leadership...

Nepal’s Double Digit Growth: A Dare

Beyond Potential: Constraints and Dynamics in Nepal'...

Society

Society

Lumbini Buddhist University senate meeting: Budget of over Rs 490 million passed

The meeting led by the Prime Minister and Chancellor of the University KP Sharma Oli at his official residence at Baluwatar approved the budget. The budget was presente...

Society