Current account surplus at Rs 49.69bn, BOP at Rs 101.77bn: NRB

KATHMANDU: The country's current account remained at a surplus of Rs 49.69 billion in the first two months of the current fiscal year 2024/25, up from Rs 23.97 billion last year, according to the macroeconomic and financial situation report released by the Nepal Rastra Bank (NRB) on Tuesday.

In US Dollar terms, the current account registered a surplus of 370.1 million, compared to 181.3 million in the same period of the previous fiscal year 2023/24.

Net capital transfer amounted to Rs 1.20 billion, while foreign direct investment inflow (equity only) remained at Rs 2.71 billion. In the previous year, net capital transfer was Rs 850.8 million and foreign direct investment inflows (equity only) were Rs 3.0 billion.

The Balance of Payments (BOP) recorded a surplus of Rs 101.77 billion in the first two months until mid-September, compared to a surplus of Rs 55.1 billion in the same period last year. In US Dollar terms, the BOP surplus was $757.9 million, compared to $417 million in the same period of the previous fiscal year.