KATHMANDU, Sept 3: Nepal Rastra Bank (NRB) has announced plans to raise Rs 50 billion from the market to manage liquidity. The amount will be collected through bidding for a 25-day term.
For this purpose, NRB has invited proposals from banks and financial institutions, with the auction scheduled to be held online on Wednesday at 3 pm.
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According to the central bank, the principal and interest will be repaid on September 27. Earlier, NRB had mobilized Rs 277.95 billion through its deposit collection instrument, which is yet to mature.
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