Finance & Economy | News & Insights

Nepal Economy Update – November 2024

Published: November 30, 2024
Author: TEXTILE VALUE CHAIN

Highlights

  • Nepal’s CPI rose to 4.8% y-o-y in mid-October, up from 3.9% in mid-September.
  • Foreign exchange reserves hit a record high of USD 16.6 billion.
  • Trade deficit narrowed to Rs 114.9 billion in mid-October (Vs Rs 121.3 billion in mid-September).
  • Current account and balance of payments remained in surplus.

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