NRB to Mop Up Liquidity

July 26: Nepal Rastra Bank has decided to mop up liquidity worth Rs 15 billion using financial instrument starting from July 26. The central bank will issue reverse repo to mop up the liquidity just a day after releasing Rs 20 billion in the market.  The reverse repo beginning from 3 pm on July 26 will last for seven days. The reverse repo will mature next Wednesday on August 2. The central bank used this financial instrument to check liquidity as the investible capital of banks and financial institutions have become excess in the market of late.