Nepal Rastra Bank reports that remittance inflows totaled Rs 1.62 trillion in the first half of the current fiscal year, marking a 39.1 percent increase year-on-year. In dollar terms, inflows rose 32.3 percent to USD 7.50 billion. January alone saw remittances of Rs 192.62 billion. As a result, foreign exchange reserves climbed to Rs 3.24 trillion. However, economists note that despite strong external indicators, domestic capital spending remains weak and private-sector credit growth has been sluggish.
