Kathmandu. Nepal’s foreign exchange reserves have seen an increase every month. According to the data released by Nepal Rastra Bank (NRB), the country’s total foreign exchange reserves stood at Rs 3.413 trillion in the fiscal year 2082/83 BS.

In dollar terms, the reserves increased by 18.3 percent from $19.5 billion in mid-July 2008 to $23.08 billion as of mid-March. According to the NRB, the current reserve is sufficient to sustain the import of goods and services for 18.5 months based on the import capacity of the banking sector. This is sufficient for 21.4 months if the stock is taken only on the basis of commodity imports.

Out of the total reserves, the reserve of Nepal Rastra Bank has increased by 25.7 percent to Rs 3.35 trillion. Other banks and financial institutions have deposits of Rs 378.66 billion. The share of Indian currency in the total foreign exchange reserves is 21 percent.

In the review period, the remittance inflow increased by 37.7 percent to Rs.1449.65 billion. During this period, the balance of payment position was also Rs. It has surplus of Rs. 658.35 billion, which was Rs. 658.35 billion in the same period of the previous year. It was only Rs 310.37 billion. Thus, the positive improvement in the external sector indicators is expected to provide relief to the country’s economy.