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Nepal Rastra Bank scraps fixed deposit system

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. The existing provision of Nepal Rastra Bank (NRB) requiring banks and financial institutions to reduce the interest rate of institutional fixed deposits by at least 1 percentage point over the interest rate TAG_CLOSE_span_2 of individual fixed deposits.

The Nepal Rastra Bank (NRB) has scrapped this provision by releasing the first quarterly review of the monetary policy today.

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