More liquidity in the banking system, with the National Bank drawing a trillion rupees from the market
Kathmandu. Nepal Rastra Bank is going to issue a 91-day deposit collection tool worth one trillion rupees on Wednesday to manage the continuously increasing excess liquidity in the banking system. Since the last few months, there is more than enough cash balance in the system, which has increased the pressure in the market to reduce the interest rate. In order to balance it, the central bank has taken forward the policy of re-absorbing liquidity.
According to Rashtra Bank, there is about 82 billion rupees excess liquidity in the financial system as of Tuesday. Earlier, on Monday and Tuesday, 30 billion rupees were withdrawn from the market through Rashtra Bank bonds, but since the liquidity remained high, additional deposit collection tools were used. According to the National Bank, since the old deposit collection and permanent deposit facility funds have matured and returned to the banking system, the liquidity pressure has increased, so this time, a larger amount has been called for than the excess liquidity seen in the system.
Express
Related News
National Life's CEO Club member honor program completed
Kathmandu. National Life Insurance Company Ltd. has completed the CEO Club member honoring program for the agents of Koshi region at Hotel The Kingsbury located in Birtamod under the chairmanship of the chief executive officer of the company. In t...
This week, NEPSE increased by normal numbers, which day's business is how much?
Kathmandu. This week, the NEPSE index increased by 0.89 points and reached 2641.43 points. NEPSE, which closed at 2640.54 points last week, increased by 0.89 points to 2641.43 points this week. The market was open for only three trading days this...
Electricity lines of 6 industries that did not pay premium tariff were cut
Kathmandu. The Nepal Electricity Authority has started cutting the lines of industries that have not paid premium tariffs. Kulman Ghising, who was removed as the Executive Director of Electricity Authority for trying t...
The price of gold decreased by 3600 per tola!
Kathmandu. The price of gold and silver has decreased in the local market. On Wednesday, June 9, the price of 100 gold fell by 3600 rupees per tola, according to the Nepal Gold and Silver Traders Federation. According to the federation, on this da...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 149 rupees 64 paisa and the selling rate is 150 rupees 24 paisa. Similarly,...
Dollar, Euro and Rial prices increased or decreased: see today's exchange rate
Kathmandu. Nepal Rastra Bank has announced the new exchange rate of foreign currency for Monday. According to the rates determined by the Central Bank, the buying rate of one US dollar is 151 rupees 71 paisa and the selling rate is 152 rupees 31 p...



