NEPSE responds negatively to NRB revised monetary policy; market index plunges 30.56 points
KATHMANDU, Feb. 13 -- Nepal Stock Exchange (NEPSE) on Tuesday nosedived 30.56 points with investors expressing a negative response towards revised monetary policy 2023/24 unveiled on Monday.
According to stockbrokers, investors were disappointed with Nepal Rastra Bank's mid-term review of the monetary policy. "The central bank introduced very few measures to address the issues of the stock exchange market at a time when banks are overwhelmed with the loanable funds while their credit flow is also dismal," said a stockbroker.
In the intraday trading on Tuesday, the market opened at 2,101.16 points and lost 1.45 percent to close at 2,070.59 points. Just a few minutes after the start of trading, the market plunged around 21 points.
In the...
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