Rastra Bank issues “repurchase agreement” of 10 billion rupees
Published on : Thu, 21 Oct, 2021
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DCNEPAL
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Kathmandu, October 21. The Nepal Rastra Bank is offering a repo (repurchase agreement) to inject Rs 10 billion in the banking system.
The repo will be effective from Thursday and will mature on October 28. Financial institutions categorized ‘A’, ‘B’ and ‘C’ can bid for the repo.
Earlier this week, the financial institutions were hit by a liquidity shortage. In order to attract more deposits, the banks increased their rates to double digits.
However, the Rastra Bank ordered the institutions to revert the changes in the interest rates. Shortly after, the governor issued a repo to inject 10 billion rupees into the banking system.
Published on: २०७८ कार्तिक ४ गते ११:५४
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