Remittances rise to 39 per cent in six months

. A total of Rs 1,062.93 billion has been remitted in the first six months of the current fiscal year. According to the Nepal Rastra Bank (NRB), Rs 192.62 billion was remitted in the first six months of the previous month.

Remittances amounted to Rs 122 TAG_OPEN_p_7.44 billion in the first six months of the last fiscal year. According to the data released by Nepal Rastra Bank, the economic and financial situation of the country in the first six months of the current fiscal year is satisfactory.

According to the report of the Rastra Bank, inflation according to the Consumer Price Index (CPI) on an annual basis is limited to 2.42 percent.TAG_OPEN_p_6 During the period, the total foreign exchange reserves reached Rs. 3.242 trillion, which is equivalent to Rs. 22.17 billion in US dollars.

The current account account is Rs 429.91 billion and the balance of payment is Rs 501.2 TAG_OPEN_p_5 4 billion. Exports increased by 43.8 percent while imports increased by 14.2 percent.

Deposit mobilization in banks and financial institutions increased by 5.7 percent and credit flow to the private sector by 3.6 percent.TAG_OPEN_p_4 On a year-on-year basis, the growth rate of deposits was 14.8 percent and the growth rate of loans was 6.7 percent.