KATHMANDU, Nov 17: Nepal’s foreign exchange reserves increased 2.5 percent to Rs 1246.22 billion in mid-October 2022 from Rs 1215.80 billion in mid-July 2022, according to the latest report of Nepal Rastra Bank (NRB).
KATHMANDU, March 13: Nepal’s worsening Balance of Payments (BoP) stood at Rs 247.03 billion in the first seventh month of the current fiscal year, which shows a declining pace in the country’s worsening external macroeconomic indicator compared to the previous months.
KATHMANDU, Dec 21: Nepal Rastra Bank (NRB) has asked importers of selected luxury items to maintain cent percent cash margin to open letter of credit (LC) accounts, targeting to tighten the noose on the import of such products.
KATHMANDU, Dec 16: Nepal’s balance of payments (BoP) further plunged to negative Rs 150.38 billion in the first four months of the current fiscal year, thanks to falling remittance earnings and widening trade deficit.
KATHMANDU, Sept 24: Nepal recorded a negative Balance of Payments (BoP) worth Rs 38.75 billion in the first month of the current fiscal year, exerting pressure on the foreign currency reserve held by the country.