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3 trillion 68 billion rupees foreign exchange reserves have been added in 8 months of the current financial year. This is an increase of 18 percent compared to last June. Along with this, it is mentioned in the monthly report of Rashtra Bank that the total foreign exchange reserves exceeded 24 trillion 9 billion rupees till last February.
At the end of June 2081, the total foreign exchange reserves were 20 trillion 41 billion 10 million rupees. "Such reserves in US dollars were 15.27 billion at the end of June 081, and increased by 13.1 percent to 17.27 billion by the end of February," the report of the National Bank said.
National Bank claims that if the import of up to 8 months of the current financial year is taken as the basis, the foreign exchange reserves held by the banking sector will be sufficient to support 17.2 months of goods imports and 14.3 months of goods and services imports.
In the middle of February 2081, the ratios of foreign exchange reserves to gross domestic product, total imports and detailed money supply were 42.2 percent, 119.4 percent and 33.0 percent, respectively, according to the Rastra Bank.
