Nepal, July 23 -- Nepal Rastra Bank (NRB) is set to mop Rs 80 billion from the market through a 56-day liquidity management auction. The central bank has called for bids from banks and financial institutions, with the auction scheduled online at 3 pm on Wednesday.

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The principal and interest will be repaid on September 17. The bank currently has Rs 319 billion in outstanding deposits mobilized through earlier instruments.

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