KATHMANDU: Nepal’s gross foreign exchange reserves increased by 30.5 percent to Rs.3494.73 billion (approximately Rs.3.49 trillion) in mid-April 2026 from Rs.2677.68 billion in mid-July 2025, according to the “Current Macroeconomic and Financial Situation” report published by Nepal Rastra Bank (NRB) based on nine months’ data of 2025/26

In US dollar terms, the reserves rose 20.8 percent to 23.55 billion in mid-April 2026 from 19.50 billion in mid-July 2025. Of the total reserves, those held by the NRB increased 27.7 percent to Rs.3082.41 billion, while reserves held by banks and financial institutions (except NRB) grew by 56.8 percent to Rs.412.32 billion.

The share of Indian currency in the total reserves stood at 20.4 percent at the end of the review period.

The report further highlights robust foreign exchange adequacy indicators, noting that the current reserve level is sufficient to cover the prospective merchandise imports of 21.8 months and combined merchandise and services imports of 18.4 months.

As of mid-April 2026, the ratio of reserves-to-GDP stood at 57.2 percent, the reserves-to-imports ratio at 153.1 percent, and the reserves-to-M2 ratio at 41.2 percent.

These figures represent a significant strengthening of the external sector compared to mid-July 2025, when the ratios were 43.8 percent, 128.1 percent, and 34.1 percent, respectively.