The balance of payments (BOP) in the country remained at a surplus of Rs 40.90 billion in the first month of the current fiscal year 2081/082 BS, according to the Nepal Rastra Bank (NRB). The BOP surplus was Rs 36.43 billion in the same period of the previous year.
In the US Dollar terms, the BOP remained at a surplus of 305.1 million in the review period compared to a surplus of 276.3 million in the same period of the previous year, the NRB stated in the Current Macroeconomic and Financial Situation report released today.
Likewise, the current account remained at a surplus of Rs 30.89 billion in the review period compared to a surplus of Rs13.37 billion in the same period of the previous year, the central bank said.
Likewise, the net capital transfer amounted to Rs 223.2 million and foreign direct investment inflow remained at Rs 799.8 million in the first month of the current fiscal year.
According to the NRB, merchandise exports decreased 9.6 percent to Rs 12.23 billion in the first month of the current fiscal year against a decrease of 8.7 percent in the same period of the previous year.
Exports to India, China and other countries decreased 10.6 percent, 59.8 percent and 3.5 percent respectively.
Exports of particle board, oil cakes, tea, woolen carpet, shoes and sandals, among others increased whereas exports of cardamom, palm oil, zinc sheet, jute goods, readymade garments, among others decreased in the review period.
Similarly, merchandise imports decreased 0.6 percent to Rs 128.38 billion in the first month of the current FY. Imports from India decreased 4.4 percent while imports from China and other countries increased 12.0 percent and 0.4 percent.
The NRB stated that country's trade deficit increased 0.4 percent to Rs 116.15 billion during the first month. The export-import ratio decreased to 9.5 percent in the review period from 10.5 percent in the corresponding period of the previous year.
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