Kathmandu. Nepal’s total foreign exchange reserves increased by 25.9 percent to Rs 2,569.38 billion in mid-June.

According to Nepal Rastra Bank( NRB), the foreign exchange reserves stood at Rs 2,041.10 billion in mid-July. It has now increased by 25.9 percent. In US dollar terms, such reserves increased by 22.2 per cent to Rs 18.65 billion in mid-June from Rs 15.27 billion in mid-June 2081.

Out of the total foreign exchange reserves, nepal rastra bank’s reserves increased by 23 percent from Rs 1,848.55 billion in mid-June 2081 to Rs 2,274.47 billion in mid-June. The foreign exchange reserves of banks and financial institutions (excluding Nepal Rastra Bank) increased by 53.2 per cent to Rs 294.92 billion in mid-June from Rs 192.55 billion in mid-June.

The share of Indian currency in the total foreign exchange reserves stood at 20.5 percent as of Mid-June 2018. Considering the imports for the 11 months of the fiscal year 2081/82, the foreign exchange reserves with the banking sector were sufficient to sustain 17.6 months of goods imports and 14.7 months of goods and services imports.

The ratios of foreign exchange reserves to GDP, total imports and foreign exchange reserves stood at 42.1 per cent, 122.9 per cent and 34.1 per cent, respectively. In mid-July, the ratios were 35.8 per cent, 108.6 per cent and 29.3 per cent, respectively.