KATHMANDU, Sept 21: Nepal Rastra Bank (NRB) has announced plans to raise Rs 7 billion from Banks and Financial Institutions (BFIs) for liquidity management. The central bank will mobilize this amount for a period of seven days through a bidding process.
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For this purpose, NRB has invited proposals from BFIs. The online bidding will be held on Sunday at 3:00 PM. The principal and interest will be repaid on September 28. NRB still has Rs 223 billion outstanding from earlier deposits collected through its instruments.
