Nepal Rastra Bank NRB has published the economic and financial status of the country for the first three months of the current fiscal year.
Inflation exceeded the target limit by October, but remittances and foreign exchange reserves improved significantly.
The government aims to keep inflation within a 6.5 percent limit.
Remittance inflow increased by 30%, reaching 365 billion 340 million Rs.
The government’s current account is in surplus by 59.9 billion, while foreign investment has been positive by 3.37 billion Rs.
As of mid-October, the balance sheet is 99.7 billion Rs in surplus. Imports increased by 1.7%, while exports decreased by 2.3%.##