The foreign exchange reserves have shown some signs of improvement despite rising inflation in the last four months of the current fiscal year, according to a report of the Nepal Rastra Bank (NRB).
The foreign trade deficit came down while the balance of payment (BoP) is at a surplus and deposit, credit disbursement and remittance went up.
Eight indices to show Nepal's financial situation
According to a report prepared by the Nepal Rastra Bank, CPI-based Inflation remained 8.08 percent. Imports decreased by 18.1 percent, exports went down by 33.3 percent and trade deficit decreased by 15.9 percent.
Similarly, remittances increased by 20.4 percent in NPR terms and 10.8 percent in USD terms. Balance of Payments remained at a surplus of Rs.20.03 billion while the gross foreign exchange reserves stood at NPR 1246.27 and 9.63 billion in USD terms.
The federal government expenditure amounted to Rs.351 billion and revenue collection Rs.268.07 billion, the report said.
Likewise, deposits at BFIs increased by 0.9 percent and private sector credit increased by 1.5 percent. The deposits increased by 8.6 percent and private sector credit increased by 5.4 percent, according to the report of the central bank.
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