NRB to absorb Rs 50 billion deposits today
Summary
Nepal Rastra Bank is set to absorb Rs 50 billion through an auction-based deposit instrument to manage excess liquidity and stabilize interest rates.
Key Points
- Nepal Rastra Bank will absorb Rs 50 billion from the banking system today.
- This will be done through an auction-based deposit collection instrument.
- Total deposits have exceeded Rs 7.2 trillion, prompting liquidity management.
- Bids will be prioritized based on the lowest interest rates with maturity in September 2025.
