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Foreign exchange reserve swells

Foreign exchange reserve swells

The gross foreign exchange reserves surged by 32.3 per cent to Rs 360.14 billion in mid-February from a level of Rs 272.15 billion as at mid-July 2011, according to Nepal Rastra Bank (NRB). Such reserves had declined by four per cent to Rs 258.10 billion in the same period of last fiscal year. “Out of the total reserve, NRB’s reserves increased…
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