KATHMANDU, Dec 29: Nepal Rastra Bank (NRB) is set to withdraw liquidity equivalent to Rs 70 billion from the banking system.
The NRB has stated that it plans to withdraw Rs 70 billion in liquidity through bidding under deposit collection instruments.
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The interest rate for the 21-day deposit collection instrument will be determined through bidding.
The NRB has stated that the principal and interest payment for the deposit collection instrument to be auctioned on Sunday will be made on January 19, 2025.
The NRB has been continuously mopping liquidity since the beginning of the current fiscal year due to excess liquidity in the banking system.
