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Foreign exchange reserves sufficient to sustain imports of goods and services for 16.6 months 

nabil bank

. The total foreign exchange reserves in the country have reached Rs 28.06 trillion. According to the details made public by the Nepal Rastra Bank, the total foreign exchange reserve increased by 4.8 per cent in the review period of the current fiscal year against Rs 2,677.68 billion.

Such reserves have increased by 2.7 per cent to Rs 20.TAG_OPEN_div_16 03 billion in mid-July from Rs 19.50 billion in mid-July last year.

Out of the total foreign exchange reserves, the reserves with Nepal Rastra Bank (NRB) increased by four percent to Rs 2.511 billion in mid-July from Rs 2.TAG_OPEN_div_14 414 trillion in mid-July last year.

The foreign exchange reserve with the banks and financial institutions (excluding Nepal Rastra Bank) increased by 12 per cent to Rs 294.58 billion as of mid-July from Rs 263.04 billion in mid-July last year.TAG_OPEN_div_12

The share of Indian currency in the total foreign exchange reserves stood at 23.4 percent in mid-July 2018.TAG_OPEN_div_10 Based on the imports of the first month of the fiscal year 2082/83, the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 20.4 months and goods and services for 16.6 months.

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