Nepal Rastra Bank absorbs Rs 40 billion

 KATHMANDU:- Nepal Rastra Bank has absorbed Rs 40 billion from the financial market today. The central bank sucked up the excess liquidity for the period of six months bidding through deposit collection auction. 

The central bank pulled the excess liquidity as it is stashing  due to weak mobilization of fund from financial institutions. As of April 22, the NRB data showed an excess liquidity of Rs 53.5 billion.