NRB to mop Rs 60 billion from BFIs for liquidity management
Summary
Nepal Rastra Bank plans to raise Rs 60 billion from banks and financial institutions through a 32-day auction to manage liquidity, with repayment scheduled for September 17.
Key Points
- Nepal Rastra Bank announced plans to raise Rs 60 billion from the market for liquidity management.
- The funds will be collected through a 32-day auction.
- Bids from banks and financial institutions are invited via an online system until 3 pm Sunday.
- Principal and interest will be repaid on September 17.
