KATHMANDU, Feb 7: Nepal is cushioned with a notable rise in the foreign currency reserves as of mid-January, thanks to a significant increase in the remittance inflows in the past six months.

KATHMANDU, July 10:  Nepal has seen the highest remittance inflow so far. During the 11 months of the current fiscal year, the highest remittance inflow has been recorded.

The current situation paints a bleak picture of the Nepali economy although its external sector has recovered marginally in recent times. An improvement in the remittance inflow, trade balance and foreign currency reserves are something to cheer about. However, other crucial macroeconomic indicators like the inflation rate, government expenditure, government revenue mobilization, interest rates of banks, foreign direct investment (FDI) and aggregate demand haven’t been healthy in recent months.