KATHMANDU, April 5: Nepal Rastra Bank (NRB) is set to mop Rs 40 billion from the market for liquidity management. The central bank will conduct this through a bidding process for a tenure of 56 days.
For this purpose, NRB has invited proposals from banks and financial institutions. The online bidding is scheduled for 3 PM today.
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The principal and interest will be repaid on May 31. Currently, Rs 497.8 billion raised through previous deposit collection instruments is still outstanding.
