Money

Nepal buys Rs 394 billion Indian rupees to pay for soaring imports

Nepal bought Indian rupees worth Rs393.77 billion by selling US dollars to pay for imports from the southern neighbour during the first nine months of the fiscal year despite pressure on its greenback reserves. The figure includes Indian rupees bought by Nepal Rastra Bank and commercial banks. Nepal buys Rs 394 billion Indian rupees to pay for soaring imports
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Rajesh Khanal
Published at : May 21, 2019
Updated at : May 21, 2019 08:15
Kathmandu

Rajesh Khanal

Rajesh Khanal is a business reporter for The Kathmandu Post covering insurance, the capital market, trade and macroeconomic issues. Khanal has also taught economics at a number of colleges in Kathmandu.


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