Gross Foreign Exchange Reserve of Nepalese Financial System. Source: Nepal Rastra Bank

Foreign Exchange Reserves increased marginally over the previous year. The level of reserve continued to increase marginally over previous month after it reached at lowest level five months back. The year on year growth of reserve became positive for the first time past eight months. Based on the imports of four months of current fiscal year, the foreign exchange holdings of the banking sector is sufficient to cover the prospective merchandise imports of 9.9 months, and merchandise and services imports of 8.7 months.

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