Kathmandu. Nepal Rastra Bank (NRB) has issued a statement for the current fiscal year 2082. 83 The current economic and financial situation of the country up to the third quarter (July-March) has been made public. <\/p>\n
According to the report, inflation seems to be under control. The position of foreign exchange reserves has also increased significantly. <\/p>\n
The current account and balance of payment position of the country is in surplus till mid-April of the current fiscal year. Remittance inflow has also increased by Rs 16.5 trillion in the first nine months. <\/p>\n
Inflation<\/strong><\/span><\/p>\n The year-on-year consumer price inflation stood at 4.47 percent in March 2022. It had decreased to 3.39 per cent in the corresponding month of the previous year. During the review month, food and beverages inflation stood at 4.01 percent and non-food and service inflation stood at 4.72 percent. In the corresponding period of the previous year, inflation of these groups was 2.45 percent and 3.90 percent, respectively. <\/p>\n Foreign Trade<\/strong><\/span><\/p>\n }<\/p>\n FY 2082. In the first nine months of 2018-19, merchandise exports increased by 18.5 percent to Rs. 222.94 billion. Such exports had increased by 65.2 percent in the same period of the previous year. Destination-wise, exports to India and other countries increased 22.6 percent and 5.1 percent respectively while exports to China decreased 46.8 percent in the review period. <\/p>\n FY 2082. In the first nine months of 2018-19, total merchandise imports increased by 13.8 percent to Rs. It has reached Rs 1490.50 billion. Such imports had increased by 12.2 percent in the same period of the previous year. Destination-wise, imports from India, China and other countries increased 7.8 percent, 21.3 percent and 24.2 percent respectively. <\/p>\n The total merchandise trade deficit increased by 13.0 percent in the first nine months of the current fiscal year. It has reached Rs 1,267.56 billion. Such deficit had increased by 6.4 percent in the same period of the previous year. The export-import ratio reached 15.0 percent in the review period. The same had decreased by 14.4 percent the year before last. <\/p>\n Remittance inflow<\/strong><\/span><\/p>\n }<\/p>\n In the review period, the remittance inflow increased by 39.1 percent to Rs. It has reached Rs 1,659.41 billion. The remittance inflow had grown by 10.2 per cent in the same period of the previous year. Remittance inflow in the month of Chaitra 2082 was Rs. 209.75 billion. In the same month of the previous year, the remittance inflow was Rs. It was Rs 139.54 billion. <\/p>\n Current Account & Post-Payment Status<\/strong><\/span><\/p>\n }<\/p>\n During the review period, the current account stood at Rs. It has a surplus of Rs 618.68 billion. In the same period of the previous year, the current account was Rs. It had a surplus of Rs 222.67 billion. In US dollars, the current account surplus was Rs 4.32 billion in the review period compared to Rs 1.64 billion in the same period of the previous year. <\/p>\n During the review period, the balance of payment position was Rs. It has savings of Rs 731.16 billion. In the same period of the previous year, the balance of payment position was Rs. It had surplus of Rs 346.23 billion. The balance of payment in US Dollars stood at Rs. 5.10 billion in the review period from Rs. 2.55 billion in the same period of the previous year. <\/p>\n Foreign Exchange Reserves <\/strong><\/span><\/p>\n Rs. 2082 The total foreign exchange reserves increased by 30.5 percent to Rs.2677.68 billion as of mid-April 2022. It has reached Rs 3.494 trillion. In US dollars, such reserves increased by 20.8 percent from Rs. 19.50 billion in mid-July 2082 to Rs. 23.55 billion in mid-July 2082. <\/p>\n Cache adequacy indicator<\/strong><\/span><\/p>\n FY 2082. Based on imports up to 9 months of ’83 B.S., the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 21.8 months and goods and services for 18.4 months. The ratio of foreign exchange reserves to Gross Domestic Product (GDP), total imports and broad currency supply stood at 57.2 percent, 153.1 percent and 41.2 percent respectively. Such ratios were 43.8 percent, 128.1 percent and 34.1 percent respectively in mid-July 2018.<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. Nepal Rastra Bank (NRB) has issued a statement for the current fiscal year 2082. 83 The current economic and financial situation of the country up to the third quarter (July-March) has been made public. According to the report, inflation seems to be under control. The position of foreign exchange reserves has also increased significantly. 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