Nepal Rastra Bank to Collect Rs 100 Billion in Deposits
Summary
Nepal Rastra Bank plans to collect Rs 100 billion in deposits through an 83-day deposit collection instrument to manage excess liquidity in the market.
Key Points
- Nepal Rastra Bank will collect deposits worth Rs 100 billion today to manage market liquidity.
- The deposit collection instrument will have an 83-day maturity period.
- Interest rates will be determined through an online bidding process until 3:00 PM today.
- Only licensed 'A', 'B', and 'C' class banks and financial institutions can participate in the bidding.
