KATHMANDU, July 27: Nepal Rastra Bank (NRB) is set to withdraw Rs 50 billion from the market to manage liquidity.
The central bank announced that it will raise the amount through a 28-day auction. It has invited proposals from banks and financial institutions, with the bidding scheduled to take place online at 3 PM on Sunday.
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NRB stated that both the principal and interest will be repaid on August 24. The central bank still has Rs 357 billion in outstanding deposits collected through previous monetary tools.
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