Kathmandu. Foreign exchange reserves have increased in the country in recent times. The foreign exchange reserves seem to be sufficient to sustain the import of goods for 17 months. There has also been a significant increase in exports from the country.
According to Nepal Rastra Bank data, rs. The total foreign exchange reserves of Rs 2,041.10 billion increased by 18.9 per cent to Rs 2,041.10 billion in mid-March 2081. It has reached Rs 2,426.84 billion. Such reserves in US dollar terms increased by 15.4 percent to Rs 17.63 billion in mid-April 2081 from Rs 15.27 billion in mid-July 2081.
Based on the imports of nine months of the current fiscal year, the foreign exchange reserves with the banking sector will be sufficient to sustain 17.1 months of goods imports and 14.2 months of goods and services imports.
Total merchandise exports increased by 65.2 percent in these nine months. It has reached Rs 188.2billion. In the same period of the previous year, such exports had decreased by 3.7 percent.
The total import of goods has increased by 12.2 percent to Rs. It has reached Rs 1,309.53 billion. In the same period of the previous year, such imports had decreased by 2.8 percent.
During the review period, the total merchandise trade deficit increased by 6.4 percent to Rs. It has reached Rs 1,121.34 billion. In the same period of the previous year, such losses had decreased by 2.8 percent.
The current account till March is Rs. Rs 210.22 billion has been saved. In the same period of the previous year, the current account was Rs. It had saved Rs 179.83 billion. In us dollar terms, the current account was saved by Rs 1.55 billion in the review period as compared to Rs 1.35 billion in the same period last year.
During the review period, the balance of payment position is Rs. It has saved Rs 346.23 billion. In the same period of the previous year, the balance sheet position was Rs. There was a saving of Rs 365.16 billion. In us dollar terms, the balance of payments was Rs 2.55 billion in the review period as compared to Rs 2.75 billion in the same period of the previous year.
During the review period, remittance inflow increased by 10.0 percent to Rs. It has reached Rs 1,191.31 billion. Remittance inflow had increased by 17.2 percent in the same period of the previous year. Remittance inflows in US dollar terms increased by 7.3 per cent to Rs 8.74 billion. In the previous year, such inflows had increased by 15.2 percent.
The annual consumer inflation stood at 3.39 per cent in March 2018. The inflation was 4.61 percent in the same month last year.
