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As the amount of money (liquidity) that can be given to banks and financial institutions has increased, the National Bank is going to withdraw 60 billion rupees again today on Wednesday. Rastra Bank is going to withdraw the amount for 21 days through the deposit collection tool for excess liquidity management.
Since one and a half years, the National Bank has been regularly withdrawing money from the market. At the same time, 60 billion rupees are going to be withdrawn today (Wednesday).
For this purpose, the National Bank has invited the banks and financial institutions to participate online till 3 pm today.
It is mentioned in the notice of Rashtra Bank that when dividing by Rs. Rastra Bank has stated that the negotiation of deposit collection will be done on the interest rate and multiple negotiation can be done on multiple interest rates as well.
Only 'A', 'B' and 'C' category banks and financial institutions will be allowed to participate in deposit collection device. It is also mentioned in the notification of Rashtra Bank that the deposit collection equipment purchased in this way can be used as collateral in other banks and financial institutions.
When the inter-bank interest rate falls below 3 percent, the National Bank withdraws money from the market through various instruments. When the interbank interest rate exceeds 6.5 percent, the central bank sends money to the market through various tools. The National Bank is withdrawing money from the market saying that the interbank interest rate is less than 3 percent since the last one and a half years.
