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October 17: The country’s current account remained at a surplus of Rs 23.50 billion in the first two months of the current fiscal year against a deficit of Rs 36.84 billion in the same period of the previous year, according to the Current Macroeconomic and Financial Situation Report unveiled by Nepal Rastra Bank on Tuesday.
In the US Dollar terms, the current account registered a surplus of 177.7 million in the review period against a deficit of 289 million in the same period last year.
In the review period, capital transfer decreased 41.7 percent to Rs 850.8 million and net foreign direct investment (FDI) remained a positive of Rs 3 billion, added the report.
In the same period of the previous year, capital transfer amounted to Rs 1.46 billion and net FDI registered a negative of Rs 809.7 million.
Balance of Payments (BOP) remained at a surplus of Rs 53.61 billion in the review period against a deficit of Rs 20.81 billion in the same period of the previous year. In the US Dollar terms, the BOP remained at a surplus of 405.6 million in the review period against a deficit of 163.4 million in the same period of the previous year.
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include - APP/View/Elements/side_bar.ctp, line 60
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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