Finance
Nepal Economy Update
Published on
Author: DISHA PRAFUL SUKHANI
Highlights:
- Consumer Price Inflation has moderated in mid-February to 5% (y-o-y), down from 5.3% last month.
- Foreign exchange reserves reached a historical high of USD 13.89 billion in mid-February.
- Tourist arrivals in Nepal saw a surge in mid-February (33% y-o-y), reversing from a downward trend for the past 3 months.
- The total trade deficit widened to Rs 118 billion in mid-February from Rs 114 billion in the previous month.
- Balance of payments (BoP) recorded a surplus of Rs 297.7 billion in the first seven months of the fiscal year.