Kathmandu. In the first 8 months of the current fiscal year, foreign exchange reserves have reached 249.25 billion rupees. The reserves are increasing as remittance inflows increase.
As of mid-Ashar 2081, such reserves were 2041.10 billion rupees. During this period, the total foreign exchange reserves have increased by 18 percent.
The currency reserves, which were 15.27 billion US dollars in mid-Ashar, have increased by 13.1 percent to 17.27 billion dollars in mid-Falgun. Of the total foreign exchange reserves, the reserves held by Nepal Rastra Bank increased by 15.2 percent to Rs 2130.31 billion in mid-Falgun from Rs 1848.55 billion in mid-Ashar, according to data released by the Rastra Bank.
The foreign exchange reserves held by banks and financial institutions (excluding Nepal Rastra Bank) have increased by 44.9 percent to Rs 278.95 billion in mid-Falgun, from Rs 192.55 billion in mid-Ashar. The share of Indian currency in the total foreign exchange reserves as of mid-February is 21.7 percent.
Based on 8 months of imports in the financial year 2081/082, the foreign exchange reserves held by the banking sector are sufficient to cover 17.2 months of imports of goods and 14.3 months of imports of goods and services.
Consumer price inflation on an annualized basis during the review period was 3.75 percent. Imports increased by 11.2 percent and exports by 57.2 percent. Remittance inflows increased by 9.4 percent in Nepali rupees and 6.9 percent in US dollars. The balance of payments position is in surplus by Rs. 310 billion 370 million.
The total foreign exchange reserves have reached 17 billion 270 million in US dollars. The expenditure of the Government of Nepal is Rs. 839 billion 360 million and the revenue mobilization is Rs. 720 billion 350 million.
Deposit collection of banks and financial institutions has increased by 4.3 percent and credit flow to the private sector has increased by 6 percent. On an annualized basis, the growth rate of deposits is 9.5 percent and the growth rate of credit flow to the private sector is 7.7 percent.
प्रतिक्रिया दिनुहोस्