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 Earlier, on Monday and Tuesday, 30 billion rupees were withdrawn from the market through Rashtra Bank bonds, but since the liquidity remained high, additional deposit collection tools were used.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
Nirmal Dhakal has been appointed as the head of the Asset Clearance Department
Kathmandu. Joint Secretary Nirmal Dhakal has been appointed as Director General of Asset Laundering Investigation Department. He was made the director general who was working as the deputy director general of the department.
The previous Dir...
NEPSE decreased by 10.53 points today, turnover of 4 billion 77 crores
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 10.53 points and remained at the point of 2622.88. During the day, 1337 thousand 307 shares of 337 companies were bought and sold, and 4 billion 774 million shares were...
Double-digit decline in the stock market, turnover also decreased
Kathmandu. There was a double-digit decline in the stock market on Thursday. On this day, the NEPSE index decreased by 19.67 points and stood at 2601.92 points. As the NEPSE index fell, the turnover also decreased compared to Wednesday. On the pre...
Sopan Pharmaceuticals' IPO will be distributed tomorrow, 347,000 will get shares
Kathmandu. The IPO of Sopan Pharmaceuticals Limited will be distributed tomorrow. NMB Capital, the company's sales manager, has prepared for the IPO distribution on Thursday morning at 9 am. 29 lakh 14 thousand 443 people applied for the IPO. The...
The price of the US dollar has crossed Rs. 152, and the euro and pound have also become more expensive
Kathmandu. Nepal Rastra Bank has determined the official foreign exchange rates for Wednesday. According to the new rates set by the central bank, the buying rate for one US dollar today has been fixed at Rs. 152.16 and the selling rate at Rs. 152...
What is the exchange rate of which foreign currency on Friday?
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 146 rupees 84 paisa and the selling rate is 147 rupees 44 paisa. Similarly,...



