Kathmandu. As of mid-September, Nepal’s foreign exchange reserves stood at Rs 2,881.35 billion. In US dollars, such reserves have reached $ 20.41 billion.

The foreign exchange reserves increased by 7.6 per cent to Rs 2,881.35 billion in mid-July from Rs 2,677.68 billion in mid-July 2018. Similarly, the dollar was $ 19.5 billion in mid-July. In the two months, it increased by 4.7 percent to $ 20.41 billion.

Out of the total foreign exchange reserves, the deposit with the Nepal Rastra Bank increased by 6.9 percent to Rs 25.82 billion as of mid-September from Rs 2.414 trillion in mid-July 2022.

The foreign exchange reserves with the banks and financial institutions (excluding Nepal Rastra Bank) increased by 13.7 per cent to Rs 298.97 billion as of mid-July from Rs 263.04 billion in mid-July 2018. The share of Indian currency in the total foreign exchange reserves stood at 22.5 percent as of mid-August.

Based on the imports of the second month of the fiscal year 2082/83, the foreign exchange reserve with the banking sector is sufficient to sustain the import of goods for 19.7 months and goods and services for 16 months. The ratio of foreign exchange reserves to Gross Domestic Product (GDP), total imports and comprehensive currency supply stood at 47.2 percent, 133.1 percent and 36.6 percent respectively. Such ratios were 43.8 percent, 128.1 percent and 34.1 percent respectively in mid-July 2018.