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ECONOMY

NRB to mop Rs 30 billion from BFIs for liquidity management

The central bank has called for proposals from banks and financial institutions, with the bidding scheduled to be held online at 3 PM on Sunday.
By REPUBLICA

KATHMANDU, June 29:  Nepal Rastra Bank (NRB) is set to raise Rs 30 billion from the market through a 63-day bond auction to manage liquidity.


The central bank has called for proposals from banks and financial institutions, with the bidding scheduled to be held online at 3 PM on Sunday.


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NRB stated that the principal and interest on the collected amount will be repaid on August 31. The central bank still holds Rs 255 billion in outstanding liabilities through its deposit collection instruments.


 


 

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