NRB absorbing Rs 100 billion to manage liquidity

Kathmandu, May 22

Nepal Rastra Bank (NRB) is set to withdraw Rs 100 billion from the banking system today, as part of its ongoing liquidity management initiative. The central bank announced through a public notice that it is utilising its deposit collection instrument for a maturity period of 61 days. According to the NRB, the bidding process will be conducted electronically through its Online Bidding System software and will conclude by 3 pm today.