NRB to Issue Repo worth Rs 20 Billion   

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NRB to Issue Repo worth Rs 20 Billion   

November 25: The Nepal Rastra Bank (NRB) is issuing a repurchase agreement (repo) worth Rs 20 billion today (November 25). The repo will mature on December 8.    
The central bank is issuing the repo to prevent the shortage of investment capital in banks and financial systems. The central bank issues repo if there is shortage of liquidity in the banking system.    
The central bank has been issuing repo continuously for the past few months to address the liquidity crunch in the banking system. The NRB on November 11 had issued repo worth Rs 20 billion.    
According to the central bank, 'A', 'B' and 'C' class banks and financial institutions can buy the repo through bidding. -- RSS   

 

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