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 Earlier, on Monday and Tuesday, 30 billion rupees were withdrawn from the market through Rashtra Bank bonds, but since the liquidity remained high, additional deposit collection tools were used.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
Government decision is now through digital system, new regulations to end delays are implemented
Kathmandu. The government has introduced the 'Regulations on Simplifying and Digitizing Government Decision-Making Process, 2083' to make the decision-making system of public administration more responsible, fast and effective. The 'Governme...
What is the exchange rate of which foreign currency on Tuesday?
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 American dollar is 145 rupees 16 paisa and the selling rate is 145 rupees 76 paisa. The...
Tragedy in Vidur's Betravati: 22 people found dead in a house flooded
Nuwakot. A heart-wrenching incident has come to light in Bidur Municipality 10, Betrawati, Nuwakot due to the severe flooding of the Trishuli River, which is flowing through the upper region of Rasuwa. The bodies of 22 people were found buried in...
Kalinchok Hydropower gets permission from Securities Board to issue IPO
Kathmandu. Kalinchok Hydropower has received permission from the Nepal Securities Board to issue an IPO. The Securities Board on Monday allowed this company to issue an IPO worth Rs 130.75 million. Now this company will open the IPO sale of a tota...



