Rastra Bank withdrawing Rs 40 billion for liquidity management

Nepal Rastra Bank is going to withdraw 40 billion rupees from the market today through deposit collection equipment to manage the excess liquidity in the market. Banks and financial institutions can participate in this collection process for 21 days through online chat. Earlier, for the past three years, the National Bank has been regularly collecting liquidity from the market twice a week, on Sundays and Wednesdays. This process continues today in the same continuity.

Banks and financial institutions of categories 'A', 'B' and 'C' who are interested in depositing funds in deposit collection devices can participate in the online auction till 3 pm today. Bolakbol should be done in multiples of minimum 10 crore rupees. According to the National Bank, the deposit collection instruments obtained in this way can also be used as collateral. The negotiation will be based on the interest rate and there is an arrangement for multiple negotiation in multiple interest rates as well. It is expected that this will help maintain the balance of liquidity in the market and promote financial stability.