KATHMANDU, Nov 19: Nepal Rastra Bank (NRB) has announced to mop Rs 50 billion from the market as part of its liquidity management measures. The central bank will mobilize the amount for a period of 84 days through an auction.
NRB has called on banks and financial institutions to submit their bids, with the online auction scheduled for Wednesday at 3 PM.
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The central bank has stated that both the principal and interest will be paid on Magh 28. Previously, NRB had withdrawn Rs 36.40 billion through its deposit collection instrument, which is yet to mature.
Similarly, the central bank has absorbed Rs 513 billion through the short-term Standing Deposit Facility (SDF).
