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nepal’s Foreign exchange reserve

Nepal’s foreign exchange reserve swells to Rs 1 trillion

Nepal’s foreign exchange reserves have crossed Rs 1 trillion for the first time as imports fell as a result of India’s trade embargo, Nepal Rastra Bank (NRB) said on Wednesday. According to the central bank’s monthly report on the macro-economic situation, the foreign exchange reserves stood at Rs 1.01 trillion as of mid-February. “This is the…
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Foreign exchange reserve swells to record high

With the swelling foreign exchange reserves, the richer Nepal can afford to buy more merchandise from abroad to feed its growing consumerism. The foreign exchange reserve of the central bank has leapt to Rs 342.74 billion in the first four months, thanks to the whopping surplus in Balance of Payments (BoP). The gross foreign exchange reserve…
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