Kathmandu. Nepal’s foreign exchange reserves will be sufficient to sustain 20.9 months of goods imports and 17.8 months of goods and services imports.

According to Nepal Rastra Bank, the foreign exchange reserve of the banking sector is sufficient to sustain the import of goods for 20.9 months and goods and services for 17.8 months.

The total foreign exchange reserves increased by 4.3 per cent to Rs4.065 billion in mid-September from Rs.3897.67 billion in mid-July. In US dollars, such reserves increased by 4.6 per cent to Rs26.48 billion in mid-September from Rs. 25.31 billion in mid-July.

Out of the total foreign exchange reserves, the reserves with the Nepal Rastra Bank increased by 4.0 percent from Rs.3473.19 billion in mid-July 2083 to Rs.3.610 billion in mid-July 2083. The foreign exchange reserves with banks and financial institutions (excluding Nepal Rastra Bank) increased by 7.2 percent from Rs. 424.48 billion in mid-July 2083 to Rs. 455.1 billion in mid-July 2083. The share of Indian currency in the total foreign exchange reserves as of mid-September 2083 was 21.3 percent.

The ratio of foreign exchange reserves to gross domestic product, total imports and broad currency supply stood at 61.6 per cent, 148.5 per cent and 44.9 per cent, respectively. At the end of September, these ratios were 59.1 per cent, 163.4 per cent and 43.8 per cent, respectively.