Nepal receives Rs263 Billion in remittances in second month of fiscal year

Last Updated on October 16, 2024 4:56 am

The country received over NPR 263 billion in remittances during the second month of the current fiscal year, compared to NPR 228.37 billion in the same period last year.

“Remittance inflows increased by 15.2 percent to NPR 263.14 billion during this period, following an 18.7 percent rise in the same period of the previous year,” stated the Nepal Rastra Bank in its report on the Current Macroeconomic and Financial Situation of Nepal.

In U.S. dollar terms, remittance inflows reached $1.96 billion in the month of Bhadra, up from $1.73 billion in the same period last year, according to the central bank.