Similarly, the current account registered a deficit of Rs 248.72 billion in the review period. Such deficit was Rs 210.24 billion in the same period of the previous year.
Likewise, the capital transfer and foreign direct investment (FDI) in Nepal amounted to Rs 13.88 billion and Rs 11.81 billion respectively in the review period. In the same period of the previous year, capital transfer and FDI amounted to Rs 15.02 billion and Rs 15.88 billion respectively.
In the review period, the gross foreign exchange reserves also decreased to Rs 1030.88 billion as at mid-June 2019 from Rs 1102.59 billion as at mid-July 2018.
Of the total foreign exchange reserves, reserves held by NRB decreased to Rs 885.83 billion as at mid-June 2019 from Rs 989.40 billion as at mid-July 2018. However, reserves held by banks and financial institutions (except NRB) increased to Rs 145.05 billion as at mid- June 2019 from Rs 113.19 billion as at mid-July 2018.
The share of Indian currency in total reserves stood at 24.2 percent as at mid-June 2019.
