Kathmandu. Monetary liquidity and foreign exchange will be managed to achieve 70 per cent economic growth by maintaining a foreign exchange committee sufficient to sustain inflation of around 5.5 per cent and import of goods and services for at least seven months in the fiscal year 2083/84.
The stable exchange rate of the Pali rupee with the Indian rupee has been taken as a curb of monetary policy and it has been kept unchanged as an interim target.
Open market transactions will be conducted in such a way that the interbank rate will be maintained at par with the policy rate by keeping the weighted average interbank rate of the banks and financial institutions as the operating goal of the monetary policy. For this, depending on the nature of liquidity, different duration instruments will be used for structural liquidity and regular and contingency liquidity management.
