Balance of Payments at a Surplus of Rs 228 Billion

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Balance of Payments at a Surplus of Rs 228 Billion

July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.

According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the BOP in terms of the US dollar remained at a surplus of 1.74 billion in the review period against a deficit of 2.26 billion in the same period of the previous year.

Likewise, the current account remained at a deficit of Rs 69.40 billion in the review period compared to a deficit of Rs 592.14 billion in the same period of the previous year.

 In the US dollar terms, the current account registered a deficit of 536.1 million compared to a deficit of 4.93 billion in the same period last year.

In the review period, capital transfer decreased 22.5 percent to Rs 7.35 billion and net foreign direct investment (FDI) recorded Rs 4.65 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 9.49 billion and Rs 17.35 billion respectively.

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