KATHMANDU, Oct. 14 (Xinhua) -- Nepal posted a steady growth in remittances and foreign exchange reserves during the first two months of the current fiscal year 2025-26, the central bank said on Tuesday.
The remittance inflows increased 27.6 percent year-on-year to 2.52 billion U.S. dollars between mid-July to mid-September, the Nepal Rastra Bank said in a report.
Meanwhile, the forex reserves grew 4.7 percent to 20.41 billion dollars during the period.
The forex reserves are sufficient to cover the prospective merchandise imports for 19.7 months, and merchandise and services imports for 16 months, noted the report.
Nepal's exports and imports rose 88.6 percent and 16.2 percent, respectively, during the same period, the report added.
