KATHMANDU, Dec 29: Nepal Rastra Bank (NRB) is to issue a repo worth Rs 50 billion for managing liquidity in banks and financial institutions (BFIs).
The central bank is issuing the repo for liquidity management as a large amount of money would go out from the banking system in the form of revenue upon payment of the first installment of the income tax on January 14.
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NRB to issue repo worth Rs 20 billion
NRB is auctioning the repo today. The repo is being issued for a total 45 days. The Category A, B and C BFIs can participate in the bidding process. The repo will mature on February 12, according to the NRB.
(RSS)
