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 Earlier, on Monday and Tuesday, 30 billion rupees were withdrawn from the market through Rashtra Bank bonds, but since the liquidity remained high, additional deposit collection tools were used.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
Foreign Currency Exchange Rate: The selling rate of US dollar is set at Rs 151 48 paise
Kathmandu. Nepal Rastra Bank has set the official exchange rate of foreign currency for today. According to the new rate published by the Central Bank, the buying rate of one US dollar has been fixed at 150 rupees 88 paisa and the selling rate has...
Starting today, financial calculations are being conducted across the country
Kathmandu. From today, the second financial calculation is being conducted across the country. According to the National Statistics Office, the enumerators and necessary supervisors have reached the relevant areas all over the country. According t...
Today, NEPSE increased by a normal number, the turnover fell to 8 billion 22 million
Kathmandu. On the second trading day of the week, the NEPSE index increased by 1.53 points to 2695.73. During the day, 1.75 lakh 7776 shares of 330 companies were bought and sold, resulting in a turnover of 8.22 billion 39 lakh shares. Today, whil...
By July, 2 lakh 10 thousand metric tons of chemical fertilizers will be imported, 30 thousand metric tons will be imported from India alone
Kathmandu. The Ministry of Agriculture, Forestry and Environment has prepared to import about 200,000 metric tons of chemical fertilizers into Nepal within the coming month of July. In order to provide relief to the farmers, the ministry has start...
Shikhar Power Development Limited releasing IPO for general public from February 17th
Kathmandu. Shikhar Power Development Limited is going to open the initial public issue IPO from February 17. The company has announced that it is going to issue a total of 18 lakh 42 thousand 600 ordinary shares to the general public. Out of the t...
The value of the US dollar is at an all-time high
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar has reached its highest point so far. According to the determined exchange rate, the buyi...



