Key Highlights:
- Nepal’s debt-to-GDP rose to 43.5% in Q1 FY24 from 42.7% in the previous quarter.
- Retail inflation moderated to 7.5% y-o-y in October as food inflation eased.
- Trade deficit widened to Rs 134 billion in October, the highest level in 15 months.
- Remittances rose to Rs 365 billion in FY24 so far, up 30% in the year ago period.
- Nepal’s forex reserves rose 30% (y-o-y) to USD 12.3 billion, providing import cover of 10.3 months.
- Tourist arrivals rose to 1,17,306 in October, its highest monthly level since November 2019.
