Kathmandu, 13 March: A slight improvement has been noticed in the country’s foreign currency reserves in the first seven months of the current fiscal year. Till the end of last fiscal (2021-22), the total forex reserves was calculated at Rs 1215.80 billion and now it has touched Rs 1383.33 billion with a rise of 13.8 percent.
According to the Nepal Rastra Bank, gross foreign exchange reserves increased by 13.8 percent to touch Rs. 1383.33 billion in mid-February 2023 from Rs. 1215.80 billion in mid-July 2022. In the US dollar terms, such reserves increased by 10.2 percent and reached 10.50 billion from 9.54 billion in the given time periods.
People’s News Monitoring Service
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