NRB to mop Rs 50 billion from BFIs for liquidity management
Summary
Nepal Rastra Bank plans to raise Rs 50 billion through an auction from banks and financial institutions to manage liquidity, with the amount to be paid back on September 14.
Key Points
- Nepal Rastra Bank is set to mop Rs 50 billion from the market through auction for liquidity management.
- The amount will be raised for a period of 21 days via an online bidding system.
- Auction scheduled for 3 pm on Sunday with proposals called from banks and financial institutions.
- Principal and interest payments will be made on September 14.
