KATHMANDU, May 14 : Nepal Rastra Bank (NRB) is set to absorb Rs 45 billion from the market for 42 days as part of liquidity management measures.
The central bank said it will collect the amount through an auction-based deposit collection instrument.
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For this purpose, the NRB has invited proposals from banks and financial institutions. The online bidding process will take place at 3 pm on Friday.
The central bank stated that both principal and interest will be repaid on June 26.
Earlier, the NRB had already absorbed around Rs 600 billion through deposit collection instruments, which are yet to mature.
