Kathmandu. Foreign currency reserves have increased in four months of the current fiscal year 2079/80. By mid-October, foreign exchange reserves increased by 2.5 percent. According to the data published by Nepal Rastra Bank, foreign exchange reserves have reached 12 trillion 46 billion 27 billion rupees in four months of the current year.

According to the National Bank, such reserves in US dollars increased by 1.0 percent and stood at 9.63 billion rupees. By the end of last June, this reserve was 12 trillion 15 billion 80 million rupees. However, in US dollars, it was only 9 billion 54 million rupees.

During that period, out of the total foreign exchange reserves, the reserves in the National Bank also increased by 3.3 percent. Along with this, it has reached 10 trillion 91 billion 22 million rupees by the end of October. Last June, the reserve in Rashtra Bank was only 10 trillion 65 billion 39 billion rupees.

By the end of November of the current year, the foreign exchange reserves held by banks and financial institutions (except Nepal Rashtra Bank) have decreased by 2.7 percent. During that period, such reserves have been maintained at 1 trillion 55 billion 5 million rupees. However, at the end of last June, it was 1 trillion 59 billion 41 million. The share of Indian currency in the total foreign exchange reserves of mid-October was 23.5 percent.

Considering the import of four months of the current year, it seems that the foreign exchange reserves held by the banking sector will be enough to support 9.7 months of goods imports and 8.4 months of goods and services imports.