KATHMANDU, April 8: Nepal Rastra Bank (NRB) is set to raise Rs 25 billion from the market to manage liquidity. The central bank plans to mobilize the amount through a 56-day bidding process.
For this purpose, NRB has invited proposals from banks and financial institutions. The online bidding is scheduled for Wednesday at 3:00 PM.
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The semi-annual principal and interest will be paid on June 3. The central bank still has Rs 417.8 billion outstanding from earlier deposit mobilization instruments.
