Central bank withdrawing Rs 100 billion to manage liquidity

Key Points

• Nepal Rastra Bank will absorb Rs 100 billion from the banking system on Friday.
• The absorption will be done using a deposit collection instrument with a 61-day maturity period.
• The auction process will be conducted electronically through the Online Bidding System.
• Licensed banks and financial institutions can submit bids starting from Rs 100 million, with increments in multiples of Rs 50 million.