Nepal, Oct. 7 -- Nepal Rastra Bank (NRB) has announced plans to withdraw Rs 90 billion from the market to manage liquidity. The central bank will collect the amount through a bidding process for a period of 12 days.

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

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The principal and interest amounts will be settled on October 19, the central bank stated.

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