Central Bank spooks investors with delay in Monetary Policy
Kathmandu, July 14 -- The central bank spooked investors with its decision to delay publishing the much-awaited monetary policy last week which resulted in the Nepal Stock Exchange (NEPSE) plunging 11.95 points.
With only three days left in the current fiscal year, it remains to be seen if Nepal Rastra Bank will publish the monetary policy.
Along with the market index, the average daily turnover also declined to Rs526.66 million last week from Rs533.93 million in the previous week.
The market which opened at Rs1,260.50 points on Sunday fell 4.45 points to close at Rs1,256.05 points. On Monday, the market declined 8.7 points, followed by a gain of 2.92 points on Tuesday.
The market again dropped 1.12 points and 0.6 points on Wednesday ...
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