November 11: Nepal’s current account remained at a surplus of Rs 59.09 billion in the first three months of the current fiscal year against a deficit of Rs 35.24 billion in the same period of the previous year.

According to the latest report of Nepal Rastra Bank, the current account registered a surplus of 445.2 million in terms of US dollars in the review period against a deficit of 276.7 million in the same period last year.

In the review period, capital transfer decreased 55.6 percent to Rs 1.15 billion and net foreign direct investment (FDI) remained a positive of Rs 3.37 billion, reads the Current Macroeconomic and Financial Situation Report of Nepal released by the central bank on Friday.

In the corresponding period of the previous year, capital transfer amounted to Rs 2.59 billion and net FDI amounted to Rs 79.6 million.

Likewise, Balance of Payments (BOP) remained at a surplus of Rs 99.07 billion in the review period against a surplus of Rs 12.43 billion in the same period of the previous year. In terms of the US dollar, the BOP remained at a surplus of 747.2 million in the review period against a surplus of 91.8 million in the same period of the previous year.