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ECONOMY

NRB to mop Rs 80 billion from BFI’s for liquidity management

Nepal Rastra Bank (NRB) is set to mop Rs 80 billion from the market through a 56-day liquidity management auction.
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By REPUBLICA

KATHMANDU, July 23: Nepal Rastra Bank (NRB) is set to mop Rs 80 billion from the market through a 56-day liquidity management auction. The central bank has called for bids from banks and financial institutions, with the auction scheduled online at 3 pm on Wednesday.



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The principal and interest will be repaid on September 17. The bank currently has Rs 319 billion in outstanding deposits mobilized through earlier instruments.


 

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