NRB to mop up Rs 20 billion liquidity from market next week

KATHMANDU: The Nepal Rastra Bank (NRB) is preparing to mop up Rs 20 billion from the market to manage liquidity.

The NRB plans to absorb the amount for seven days on February 25. As per NRB, the banking system today has almost Rs 66 trillion excess liquidity.

NRB spokesperson Gunakar Bhatta informed that the central bank has issued reverse repo through monetary instrument for liquidity management.

“Excess liquidity in the financial system today is the result of flow of refinancing loan from the central bank in the market worth Rs 83.87 billion,” informed Bhatta.

Fiscal Nepal |
Thursday February 18, 2021, 01:37:49 PM |

Leave a Reply

Your email address will not be published. Required fields are marked *