Nepal Rastra Bank (NRB) is preparing to withdraw another Rs 30 billion from the financial system as part of its ongoing liquidity management strategy.
The central bank will raise the amount through a 21-day deposit collection auction. Banks and financial institutions have been invited to submit proposals, with the bidding scheduled to take place online at 3 pm on Sunday.
According to NRB, the principal and interest amount of the deposits will be repaid on June 1. This move follows the bank’s continued efforts to stabilize liquidity levels in the domestic market.
