Nepal Rastra Bank to issue Rs 5 arba worth Repo via auction; Financial institutions can place bids till 2 PM today
Nepal Rastra Bank will be selling Repo worth Rs 5 arba via auction. The central bank is selling Repo from Magh 6 with a maturity period of 1 week i.e. Magh 13, 2075.
The auction is open for ‘A’, ‘B’ and ‘C’ class financial institutions. The institutions need to provide sealed bids within 2 PM today.
The interest rate for the Repo will be calculated on a weighted average basis.
