Kathmandu. In the first six months of the current fiscal year, Nepal’s external economic situation has been improving. The economy has seen positive signs with both the current account and balance of payment situation remaining in reserve. According to the Nepal Rastra Bank, there is a current account and Rs 429.91 billion in savings during the period.

In the same period of the previous year, the current account had surplus of Rs 165.67 billion. In US dollar terms, the current account surplus increased to $3.3 billion in the review period from $1.23 billion in the same period of the previous year.

Net capital transfer stood at Rs 10.76 billion in the review period. Such transfers had amounted to Rs 4.29 billion in the same period of the previous year. Likewise, foreign direct investment (equity only) inflows stood at Rs. 8.17 billion in the review period compared to Rs. 6.48 billion in the corresponding period of the previous year.

The balance of payment situation of the country has also improved significantly during this period. In the review period, the balance of payment stood at Rs 501.24 billion. In the same period of the previous year, the balance of payment stood at Rs. 249.26 billion. In US dollar terms, the balance of payment has increased to $3.54 billion in the review period from $1.85 billion in the same period of the previous year.