Central bank auctioning Rs 29.1 billion worth of treasury bills
The purpose of auctioning treasury bills is to collect internal loans, it has been said.
KATHMANDU: The Nepal Rastra Bank (NRB) is auctioning treasury bills worth Rs 29.1 billion on coming May 28.
The maturity period of the bills is between 28 to 364 days. The purpose of auctioning treasury bills is to collect internal loans, it has been said.
Short-term interest rate for the bills is 7.91 percent, according to the central bank. Similarly, the 364-day treasury bills charge 8.80 percent interest rate, and interbank interest rate is 7 percent.
Previously, on Jestha 8 (May 22), the central bank auctioned treasury bills for Rs 34.2 billion through the negotiating process.
The current short-term interest rate on Treasury bills is 7.91 percent, according to the NRB.
Similarly, the interest rate for 364 days is 8.80 percent.
The interbank interest rate is equal to seven percent.