Kathmandu. The current economic situation of the country seems to be improving. This is according to the data published by Nepal Rastra Bank for the first four months of the fiscal year 2082/83. During the review period, remittances increased and foreign exchange reserves increased.
According to the report, the remittance inflow has increased by 31.4 percent. The remittance inflow in the first month of the current fiscal year stood at Rs.133.82 billion.
The total foreign exchange reserves increased by 14.1 percent to Rs.3055.52 billion as of mid-October 2082 from Rs.2677.68 billion in mid-July 2082.
In the review period, the current account surplus stood at Rs.279.65 billion. In the same period of the previous year, the current account had surplus of Rs. 147.78 billion. The balance of payment position stood at Rs.318.40 billion in the review period. The balance of payment position was Rs.205.83 billion in the same period of the previous year. A
The year-on-year consumer price inflation stood at 1.11 percent in mid-October 2018. It was 5.6 percent in the corresponding month of the previous year.
In the first four months of the current fiscal year 2082/83, merchandise exports increased by 77.5 percent to reach Rs 93.5 billion. Such exports had grown by 4.2 percent in the same period of the previous year. Similarly, in the first four months of the current fiscal year 2082/83, the total import of goods increased by 18.7 percent to reach Rs.609.45 billion.
Current-Macroeconomic-and-Financial-Situation-Nepali-Based-on-Four-Month-data-of-2082.83
