Nepal, Sept. 24 -- Nepal Rastra Bank (NRB) has announced plans to raise Rs 40 billion from the market to manage liquidity. The central bank will collect the amount through a bidding process for a four-day period.

For this purpose, NRB has invited proposals from banks and financial institutions. The bidding will take place online at 3 PM on Wednesday.

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The principal and interest will be settled on September 28. Meanwhile, Rs 248.90 billion previously raised through the deposit collection instrument remains outstanding.

Published by HT Digital Content Services with permission from Republica....