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Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion. </div>
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According to NRB spokesperson Bhaskar Mani Gyanwali, NRB received 174 sealed quotations from 26 banking and financial institutions equal to the aforementioned amount through an auction. </div>
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Banking and financial institutions bid for securities worth Rs 43.29 billion last Wednesday for a reverse repo held by Nepal Rastra Bank (NRB) worth Rs 10 billion.
According to NRB spokesperson Bhaskar Mani Gyanwali, NRB received 174 sealed quotations from 26 banking and financial institutions equal to the aforementioned amount through an auction.
NRB has said that the weighted average discount rate for the reverse repo has been 0.0642 per cent this time.
NRB had issued reverse repo twice in a week to mob up excess liquidity from the market. It had issued a reverse repo worth Rs 5 billion on September 5 for the first time in three years. Following the issuance, the Bank had received a bid worth Rs 30 billion.
Over-bidding for the reverse repo indicates excess liquidity and lack of investment opportunity.
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'phone' => null,
'access_type' => null,
'activated' => null,
'sortorder' => null,
'published' => null,
'created' => null,
'last_login' => null,
'ip' => null
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '1832',
'hit' => '324'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
