NRB Report: Inflation at 4.82%, remittances up by 11.5%, exports decline

Kathmandu, November 19 — The Nepal Rastra Bank has released a report based on three months of data, detailing the current economic and financial situation of the country.

According to the report made public on Tuesday, the inflation based on the Consumer Price Index (CPI) stands at 4.82% on an annual basis. Similarly, imports have decreased by 4.2%, while exports have dropped by 6.1%.

The report also shows that remittance inflows in Nepali rupees have increased by 11.5%, while the balance of payments position stands at NPR 184.99 billion in savings.

Furthermore, total foreign exchange reserves are NPR 2.232 trillion, with USD 1.6 billion held in foreign currency. The government's expenditure is NPR 329.2 billion, and revenue collection stands at NPR 248.26 billion. 

Additionally, the broad money supply has increased by 3.4%, according to the bank's report.