You are on page 1of 20

Current Macroeconomic Situation

(Based on the Eight Months' Data of 2009/10)

1 Monetary Survey
2 Monetary Authorities' Account
3 Condensed Assets and Liabilities of Commercial Banks
4 Structure of Interest Rates
5 Stock Market Indicators
6 National Urban Consumer Price Index
7 National Wholesale Price Index
8 National Salary and Wage Rate Index
9 Government Budgetary Operation
10 Government Revenue Collection
11 Outstanding Domestic Debt of the GON
12 Direction of Foreign Trade
13 Export of Major Commodities to India
14 Export of Major Commodities to Other Countries
15 Import of Major Commodities from India
16 Import of Major Commodities from Other Countries
17 Summary of Balance of Payments Presentation
18 Gross Foreign Exchange Holding of the Banking Sector
19 Exchange Rate of US Dollar (NRs/US$)
20 Price of Oil and Gold in the International Market
Table 1
Monetary Survey
Rs in million
Changes in the First Eight Months of
Monetary Aggregates 2008 2009 2009 2010 2008/09 2009/10
Jul Mar Jul (e) Mar (e) Amount % Amount %

1. Foreign Assets, Net 171455.5 216736.9 221083.7 187669.0 34810.2 1/ 20.3 -23534.7 2/ -10.6
1.1. Foreign Assets 213254.1 271461.0 280540.9 242674.5 58206.9 27.3 -37866.4 -13.5

1.2 Foreign Currency Deposits 34229.1 47262.0 51794.7 46063.4 13033.0 38.1 -5731.4 -11.1

1.3 Other Foreign Liabilities 7569.6 7462.1 7662.5 8942.2 -107.5 -1.4 1279.7 16.7

2. Net Domestic Assets 323921.6 346284.4 411661.7 488267.6 32833.9 1/ 10.1 66725.9 2/ 16.2
2.1. Domestic Credit 437269.8 469871.1 553632.5 610201.8 32601.3 7.5 56569.3 10.2

a. Net Claims on Govt. 87079.6 66960.9 104867.7 91152.5 -20118.7 -23.1 -13715.2 -13.1

i. Claims on Govt. 91026.0 93482.5 104867.7 91975.6 2456.5 2.7 -12892.1 -12.3

ii. Govt. Deposits 3946.4 26521.6 0.0 823.1 22575.2 572.0 823.1 -
b. Claims on Non-Financial Govt. Ent. 5646.5 5944.3 5092.4 5252.5 297.8 5.3 160.1 3.1

c. Claims on Financial Institutions 4709.5 6610.0 7559.2 5814.8 1900.5 40.4 -1744.4 -23.1

i. Government 1670.5 1439.1 1376.1 1443.2 -231.3 -13.8 67.1 4.9

ii. Non-government 3039.1 5170.9 6183.1 4371.7 2131.9 70.1 -1811.4 -29.3
d. Claims on Private Sector 339834.2 390355.8 436113.2 507982.0 50521.6 14.9 71868.8 16.5

2.2. Net Non-monetary Liabilities 113348.2 123586.7 141970.8 121934.2 -232.6 1/ -0.2 -10156.6 2/ -7.2
3. Broad Money (M2) 495377.1 563021.2 632745.3 675936.5 67644.1 13.7 43191.2 6.8

3.1. Money Supply (M1) 154343.9 172651.2 196460.8 205452.4 18307.3 11.9 8991.5 4.6

a. Currency 100175.2 122082.5 125760.0 140060.1 21907.2 21.9 14300.1 11.4


b. Demand Deposits 54168.7 50568.7 70700.8 65392.3 -3600.0 -6.6 -5308.5 -7.5

3.2. Time Deposits 341033.2 390370.0 436284.5 470484.1 49336.8 14.5 34199.7 7.8

4. Broad Money Liquidity (M3) 529606.2 610283.3 684540.1 721999.9 80677.1 15.2 37459.8 5.5

Reserve Money 144591.6 165544.2 195574.8 201335.1 20952.6 14.5 5760.3 2.9

Money Multiplier (M1) 1.067 1.043 1.005 1.020 0.0 -2.3 0.0 1.6
Money Multiplier (M2) 3.426 3.401 3.235 3.357 0.0 -0.7 0.1 3.8

1/ Adjusting the exchange valuation gain of Rs. 10471.2 million.

2/ Adjusting the exchange valuation loss of Rs 9880 million.

e = estimates., P=Provisional
Table 2
Monetary Authorities' Account
Rs in million
Changes in the First Eight Months of
2008 2009 2009 2010 2008/09 2009/10
Jul Mar Jul (p) Mar (e) Amount % Amount %
1. Foreign Assets 170314.2 219119.8 224745.6 192249.7 48805.5 28.7 -32495.9 -14.5
1.1 Gold 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -
1.2 SDR Holdings 630.6 659.8 555.3 6335.5 29.1 4.6 5780.2 1040.9
1.3 Reserve Position in the Fund 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -
1.4 Foreign Exchange 169683.6 218460.0 224190.3 185914.2 48776.4 28.7 -38276.1 -17.1
2. Claims on Government 18925.8 23539.4 32918.6 28850.9 4613.6 24.4 -4067.7 -12.4
2.1 Treasury Bills 17555.9 21851.9 22173.5 18250.3 4296.0 24.5 -3923.2 -17.7
2.2 Development Bonds 6.9 0.0 0.0 0.0 -6.9 -100.0 0.0 -
2.3 Other Govt. Papers 1362.9 1687.5 0.0 10600.6 324.6 23.8 10600.6 -
2.4 Loans and Advances 0.0 0.0 8835.8 0.0 0.0 0.0 -8835.8 -100.0
3. Claims on Non-Financial Govt. Ent. 11.0 11.0 11.4 16.4 0.0 0.0 5.0 43.7
4. Claims on Financial Institutions 464.1 345.7 230.4 151.8 -118.4 -25.5 -78.6 -34.1
4.1 Government 432.1 313.7 198.4 119.8 -118.4 -27.4 -78.6 -39.6
4.2 Non-government 32.0 32.0 32.0 32.0 0.0 0.0 0.0 0.0
5. Claims on Banks 660.7 0.0 0.0 26280.9 -660.7 -100.0 26280.9 -
5.1 Refinance 60.7 0.0 0.0 0.0 -60.7 -100.0 0.0 -
5.2 Repo Lending 600.0 0.0 0.0 26280.9 -600.0 -100.0 26280.9 -
6. Claims on Private Sector 3053.2 2620.5 3441.7 3085.7 -432.7 -14.2 -356.0 -10.3
7. Other Assets 19020.8 19975.2 20980.7 16387.1 954.4 5.0 -4593.6 -21.9
Assets = Liabilities 212449.8 265611.6 282328.4 267022.7 53161.8 25.0 -15305.7 -5.4
8. Reserve Money 144591.6 165544.2 195574.8 201335.1 20952.6 14.5 5760.3 2.9
8.1 Currency Outside Banks 100175.2 122082.5 125760.0 140060.1 21907.2 21.9 14300.1 11.4
8.2 Currency Held by Commercial Banks 12651.9 11493.8 15014.6 16296.7 -1158.1 -9.2 1282.1 8.5
8.3 Deposits of Commercial Banks 23857.3 25465.6 45848.7 35771.2 1608.4 6.7 -10077.5 -22.0
8.4 Other Deposits 7907.3 6502.3 8951.6 9207.2 -1405.0 -17.8 255.7 2.9
9. Govt. Deposits 3946.4 26521.6 0.0 823.1 22575.2 572.0 823.1 -
10. Foreign Liabilities 5657.6 6098.1 5991.8 5431.8 440.5 7.8 -560.0 -9.3
10.1 Foreign Deposits 6.7 3.1 3.3 3.2 -3.6 -53.3 -0.1 -2.6
10.2 PRGF 5650.8 6094.9 5988.5 5428.7 444.1 7.9 -559.9 -9.3
11. Capital and Reserve 35730.6 48825.9 46708.2 43811.3 13095.3 36.7 -2896.9 -6.2
12. Other Liabilities 22523.6 18621.8 34053.6 15621.3 -3901.7 -17.3 -18432.4 -54.1
NFA 164656.6 213021.7 218753.8 186817.9 38004.9 1/ 23.1 -21971.9 2/ -10.0
NDA -20065.0 -47477.5 -23179.0 14517.2 -17052.4 1/ 85.0 27732.3 2/ -119.6
Other Items, net 39233.4 47472.5 59781.2 43045.5 -2120.9 1/ -5.4 -6771.7 2/ -11.3
1/ Adjusting the exchange valuation gain of Rs. 10360.09 million.
2/ Adjusting the exchange valuation loss of Rs. 9964 million.
e=estimates, p = provisional
Table 3
Condensed Assets and Liabilities of Commercial Banks
Rs in million
Changes in the First Eight Months of
2008 2009 2009 2010 2008/09 2009/10
Jul Mar Jul (p) Mar (e) Amount % Amount %
1. Total Deposits 421523.7 481698.5 549828.5 572732.6 60174.8 14.3 22904.1 4.2
1.1. Demand Deposits 54124.4 52543.8 69489.5 68112.6 -1580.6 -2.9 -1376.9 -2.0
a. Domestic Deposits 46261.5 44066.4 61749.3 56185.1 -2195.0 -4.7 -5564.2 -9.0
b. Foreign Deposits 7862.9 8477.3 7740.3 11927.6 614.4 7.8 4187.3 54.1
1.2. Saving Deposits 211406.4 241180.2 259872.4 253745.2 29773.8 14.1 -6127.2 -2.4
a. Domestic Deposits 203771.0 232424.5 250300.9 246806.4 28653.5 14.1 -3494.6 -1.4
b. Foreign Deposits 7635.5 8755.8 9571.5 6938.8 1120.3 14.7 -2632.7 -27.5
1.3. Fixed Deposits 152364.3 184138.4 216006.1 246544.0 31774.1 20.9 30537.8 14.1
a. Domestic Deposits 133633.6 154109.4 181523.1 219347.0 20475.9 15.3 37823.8 20.8
b. Foreign Deposits 18730.7 30028.9 34483.0 27197.0 11298.2 60.3 -7286.0 -21.1
1.4. Margin Deposits 3628.6 3836.1 4460.4 4330.8 207.5 5.7 -129.6 -2.9
2. Borrowings from Rastra Bank 660.7 0.0 0.0 26280.9 -660.7 -100.0 26280.9 -
3. Foreign Liabilities 1912.0 1364.0 1670.8 3510.4 -548.0 -28.7 1839.6 110.1
4. Other Liabilities 124993.9 153425.8 154367.2 179517.1 28431.9 22.7 25149.8 16.3
4.1 Paid-up Capital 31750.3 34531.2 40738.3 44941.5 2780.9 8.8 4203.2 10.3
4.2 General Reserves 3529.9 9320.7 13359.5 19389.6 5790.8 164.1 6030.2 45.1
4.3 Other Liabilities 89713.7 109573.9 100269.5 115186.0 19860.2 22.1 14916.5 14.9
5. Assets = Liabilities 549090.2 636488.3 705866.5 782040.9 87398.1 15.9 76174.5 10.8
6. Liquid Funds 79010.5 90777.4 116107.5 104870.2 11766.9 14.9 -11237.4 -9.7
6.1. Cash in Hand 12651.9 11493.8 15014.6 16296.7 -1158.1 -9.2 1282.1 8.5
6.2. Balance with Rastra Bank 23857.3 25465.6 45848.7 35771.2 1608.4 6.7 -10077.5 -22.0
6.3. Foreign Currency in Hand 358.8 789.8 824.8 650.4 431.0 120.1 -174.3 -21.1
6.4. Balance Held Abroad 41100.6 50155.8 53409.3 49158.1 9055.2 22.0 -4251.2 -8.0
6.5. Cash in Transit 1042.0 2872.4 1010.2 2993.8 1830.4 175.7 1983.6 196.4
7. Loans and Advances 420242.6 471271.7 518591.5 579536.2 51029.1 12.1 60944.7 11.8
7.1. Claims on Government 72100.2 69943.1 71949.1 63124.7 -2157.1 -3.0 -8824.5 -12.3
7.2. Claims on Non-Financial Govt. Ent. 5635.5 5933.3 5080.9 5236.1 297.8 5.3 155.1 3.1
7.3. Claims on Financial Ent. 4245.4 6264.4 7328.8 5663.0 2019.0 47.6 -1665.8 -22.7
a. Government 1238.4 1125.4 1177.7 1323.3 -112.9 -9.1 145.7 12.4
b. Non Government 3007.1 5138.9 6151.1 4339.7 2131.9 70.9 -1811.4 -29.4
7.4 Claims on Private Sector 336781.0 387735.3 432671.5 504896.3 50954.3 15.1 72224.8 16.7
a. Principal 307272.1 357274.4 404432.0 471110.4 50002.3 16.3 66678.4 16.5
b. Interest Accrued 29508.9 30460.9 28239.5 33785.9 952.0 3.2 5546.4 19.6
7.5. Foreign Bills Purchased & Discounted 1480.5 1395.6 1561.2 616.2 -84.8 -5.7 -945.0 -60.5
8. Other Assets 49837.1 74439.2 71167.4 97634.5 24602.1 49.4 26467.1 37.2

Credit Deposit Ratio 82.6 83.3 81.2 90.2


Liquidity Deposit Ratio 35.8 33.4 34.2 29.3
NFA 6798.9 3715.2 2329.8 851.1 -3194.7 1/ -47.0 -1563.0 2/ -67.1
NDA 380495.8 430721.2 495703.9 525818.2 50336.6 1/ 13.2 30198.4 2/ 6.1
Other Items, net 74114.8 76114.2 82189.7 78888.8 1888.3 1/ 2.5 -3385.1 2/ -4.1
Total Domestic Deposit 387294.7 434436.5 498033.7 526669.2 47141.8 12.2 28635.5 5.7
Total Foreign Deposits 34229.1 47262.0 51794.7 46063.4 13033.0 38.1 -5731.4 -11.1
1/ Adjusting the exchange valuation gain of Rs. 111.11 million.
2/ Adjusting the exchange valuation gain of Rs 84.2 million
e = estimates., P=Provisional
Table 4
Structure of Interest Rates
(Percent per Annum)

Year 2003 2004 2005 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2009 2009 2009 2009 2010 2010 2010
Mid-month Jul Jul Jul Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr July Aug sep Oct Nov Dec Jan Feb Mar
A. Policy Rates
CRR 6.0 6.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5 5.5
Bank Rate 5.5 5.5 5.5 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.5 6.5 6.5 6.5 6.5 6.5 6.5 6.5 6.5 6.5 6.5 6.5
Refinance Rates Against Loans to:
Sick Industries 3.0 2.0 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5
Export Credit in Domestic Currency 4.5 4.5 3.0 3.5 3.5 3.5 3.5 3.5 2.5 2.5 2.5 2.5 2.0 2.0 2.0 3.5 3.5 2.0 2 2 2 2 2 2
Rural Development Banks (RDBs) 4.5 4.5 3.0 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 2.0 2.0 3.5 3.5 3.5 3.5 3.5 3.5 3.5
Export Credit in Foreign Currency 2.0 2.0 2.0 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 LIBOR+.25LIBOR+.25 LIBOR+.25 LIBOR+.25 LIBOR+.25 LIBOR+0.25 LIBOR+0.25 LIBOR+0.25 LIBOR+0.26 LIBOR+0.25 LIBOR+0.25 LIBOR+0.25
Standing Liquidity Facility (SLF) Penal Rate# - - 1.5 1.5 1.5 1.5 1.5 1.5 2.0 2.0 2.0 2.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0
B. Government Securities
T-bills* (28 days) - 1.82 - 2.40 2.01 2.37 1.50 2.13 2.97 4.35 3.17 5.16 – 4.16 5.90 4.94 1.51 1.75 2.01 6.91 8.67 9.71 - -
T-bills* (91 days) 2.98 1.47 3.94 3.25 2.54 2.67 1.85 2.77 2.35 3.86 4.07 5.13 6.08 4.32 5.98 6.8 1.77 2.41 2.73 4.67 6.35 8.74 9.01 7.79
T-bills* (182 days) - - 4.42 3.86 2.78 3.25 2.67 3.51 2.66 4.33 4.39 5.16 5.64 5.17 5.77 5.91 0 2.68 0.00 0.00 5.82 7.79 - -
T-bills* (364 days) 4.93 3.81 4.79 4.04 3.78 3.14 3.09 4.00 3.04 4.67 4.82 6.47 5.57 5.20 5.96 6.55 0 3.39 0.00 6.04 5.43 7.39 8.11 -
Development Bonds 3.0-8.0 3.0-8.0 3.0-8.0 3.0-6.75 3.0-6.75 3.0-6.75 3.0-6.75 3.0-6.75 3.0-6.75 5.0-6.75 5.0-6.75 5.0-8.0 5.0-8.0 5.0-8.0 5.0-8.0 5.0-9.0 5.0-9.0 5.0-9.0 5.0-9.0 5.0-9.0 5.0-9.0 5.0-9.0 5.0-9.0
National/Citizen SCs 7.0-13.0 6.5-13.0 6.5-13.0 6.0-8.5 6.0-8.5 6.0-8.5 6.0-8.5 6.0-8.5 6.0-8.0 6.0-7.0 6.0-7.0 6.0-7.75 6.0-7.75 6.0-8.0 6.0-8.0 6.0-8.0 6.0-10.0 6.0-10.0 6.0-10.0 6.0-10.0 6.0-10.0 6.0-10 6.0-10
C. Interbank Rate 4.50 0.71 4.71 2.13 2.11 3.03 1.69 3.03 3.35 4.93 2.69 3.61 5.16 3.37 5.06 3.66 1.41 2.00 5.10 9.22 9.93 12.83 11.64 8.85
D. Commercial Banks
1. Deposit Rates
Savings Deposits 2.5-6.0 2.0-5.0 1.75-5.0 2.0-5.0 2.0-5.0 2.0-5.0 2.0-5.0 2.0-5.0 2.0-5.0 2.0-5.0 2.0-6.50 2.0-6.50 2.0-6.75 2.0-7 2.0-7 2.0-7.5 2.0-7.5 2.0-7.5 2.0-7.5 2.0-7.5 2.0-7.25 2.0-7.25 2.0-8.0 2.0-8.0
Time Deposits
1 Month - 2.0-3.5 1.75-3.5 1.5-3.5 1.5-3.5 1.5-3.5 1.5-3.5 1.5-3.5 1.5-3.5 1.5-3.5 1.5-3.75 1.5-3.75 1.5-5.25 1.5-5.25 1.5-5.25 1.5-5.25 1.5-5.75 1.50-5.75 1.50-5.75 1.50-5.75 1.5-5.75 1.5-7.25 1.5-7.25 1.5-7.25
3 Months 2.0-5.0 2.0-4.0 1.5-4.0 1.5-4.0 1.5-4.0 1.50-4.0 1.50-4.0 1.50-4.0 1.50-4.0 1.50-4.0 1.50-6.75 1.50-6.75 1.50-5.5 1.50-5.5 1.50-5.75 1.50-6.0 1.50-6.5 1.50-6.5 1.50-6.5 1.50-6.5 1.5-6.5 1.5-7.25 1.5-9.5 1.5-9.5

6 Months 2.5-6.0 2.0-4.5 2.5-4.5 1.75-4.5 1.75-4.5 1.75-4.5 1.75-4.5 1.75-4.5 1.75-4.5 1.75-4.5 1.75-6.75 1.75-6.75 1.75-5.75 1.75-5.75 1.75-6.25 1.75-7.0 1.75-7.0 1.75-7.0 1.75-7.0 1.75-7.0 1.75-7.0 1.75-8.75 1.75-9.75 1.75-9.75
1 Year 3.0-7.0 2.75-5.75 2.25-5.0 2.25-5.0 2.25-5.0 2.25-5.0 2.25-5.0 2.25-5.0 2.25-5.0 2.25-5.0 2.5-5.75 2.5-6.0 2.5-7.25 2.5-7.25 2.5-7.50 2.5-9.0 2.5-9.0 2.50-9.0 2.5-9.0 2.5-9.0 2.5-10.0 2.5-11.0 2.5-11.0 2.5-11.0
2 Years and Above 3.25-7.5 3.0-6.0 2.5-6.05 2.5-6.4 2.5-6.4 2.5-5.5 2.5-5.5 2.5-5.5 2.5-5.5 2.5-5.5 2.75-6.75 2.75-6.75 2.75-7.75 2.75-7.75 2.75-8.0 2.75-9.5 2.75-9.5 2.75-9.50 2.75-9.5 2.75-9.5 2.75-10.5 2.75-11.5 2.75-11.5 2.75-13.0
2 Lending Rates
Industry 8.50-14.0 8.5-13.5 8.25-13.5 8.0-13.5 8.0-13.5 8.0-13.5 8.0-13.5 8.0-13.5 8.0-13.5 7.0-13.5 7.0-13.0 7.0-13.0 7.0-13.0 7.0-13.0 8.0-13.50 8.0-13.50 8.0-13.50 8.0-13.50 7.0-13.5 7.0-13.5 7.0-13.5 7.0-13.5 7.0-13.5 7.0-13.5
Agriculture 10.5-14.5 10.5-13 10-13 9.5-13 9.5-13 9.5-13 9.5-13 9.5-13 9.5-13 9.5-13 9.5-12 9.5-12 9.5-12.0 9.5-12.0 9.5-13.0 9.5-12.0 9.5-13.0 9.5-13.0 9.5-13.0 9.5-13.0 9.5-13.0 9.5-13.0 9.5-13.0 9.5-13.0
Export Bills 4.0-12.5 4.0-11.5 4.0-12.0 5.0-11.5 5.0-11.5 5.0-11.5 5.0-11.5 5.0-11.5 4.0-11.5 4.0-11.5 5.0-11.5 5.0-11.5 5.0-11.5 5.0-11.5 6.5.0-11.5 6.5.0-11.0 6.5.0-12.5 6.5-12.5 6.5-12.5 6.5-12.5 6.5-18.0 6.5-18.0 6.5-18.0 6.5-18.0
Commercial Loans 7.50-16.0 9-14.5 8.0-14 8.0-14 8.0-14 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-13.5 8.0-13.5 8.0-13.5 8.0-13.5 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0 8.0-14.0
Overdrafts 10.0-17.0 10.0-16.0 5-14.5 6.5-14.5 6.5-14.5 6.0-14.5 6.0-14.5 6.0-14.5 6.0-14.5 6.0-14.5 6.50-13.5 6.50-13.5 6.50-13.5 6.50-13.5 6.50-13.5 6.50-13.5 6.50-13.5 6.5-13.50 6.5-14.5 6.5-14.5 6.5-18.0 6.5-18.0 6.5-18.0 6.5-18.0
CPI Inflation (annual average) 4.8 4.0 4.5 8.0 6.4 7.7 13.2
* Weighted average discount rate.
# The SLF rate is determined at the penal rate added to the weighted average discount rate of 91-day Treasury Bills of the preceding week.
Table 5
Stock Market Indicators

Mid-March % Change
Particulars 2008 2009 2010
2 Over 1 3 Over 2
1 2 3
NEPSE Index (Closing)* 714.76 667.20 486.25 -6.65 -27.12
NEPSE Sensitive Index (Closing)** 184.64 176.9 118.68 -4.19 -32.91
NEPSE Float Index (Closing)*** - 64.16 45.93 - -28.41
Banking Sub-Index 691.12 656.85 461.76 -4.96 -29.70
Market Capitalization (Rs. million) 230817.17 402030.55 375996.14 74.18 -6.48
Total Paid up Value of Listed Shares (Rs. million) 24589 51359 73879 108.87 43.85
Number of Listed Companies 146 152 168 4.11 10.53
Number of Listed Shares ('000) 271531 543609 766978 100.20 41.09
Market Days 23 17 12 -26.09 -29.41
Number of Companies Traded 102 108 121 5.88 12.04
Number of Transactions 15165 17178 11925 13.27 -30.58
Monthly Turnover:
Number of Shares ('000) 2191.32 1762.05 1231.96 -19.59 -30.08
Amount (Rs. million) 1876.58 1160.64 476.02 -38.15 -58.99

Ratio of Monthly Turnover to Market Capitalization (in %)


0.81 0.29 0.13 -64.49 -56.15
Ratio of Market Capitalization to GDP (in %) 28.2 41.9 34.7 48.48 -17.11
Twelve Months Rolling Standard Deviation 172.4 143.1 86.4 -17.00 -39.62
GDP at Current Price ( Rs. million) 818401 960012 1083211.0 17.30 12.83

* Base: February 12, 1994


** Base: July 16, 2006
***Base: August 24, 2008
Source: http://www.nepalstock.com/reports/monthly.php
Table 6
National Urban Consumer Price Index
(1995/96 = 100)
(y-o-y)
Mid-March
Weight 2007/08 2008/09 2009/10P Percentage Change
Groups & sub-groups
% Feb/Mar Jan/Feb Feb/Mar Dec/Jan Jan/Feb Feb/Mar Column 5 Column 5 Column 8 Column 8
1 2 3 4 5 6 7 8 Over 3 Over 4 Over 5 Over 7
1. OVERALL INDEX 100.00 198.4 223.2 224.4 248.3 249.9 249.5 13.1 0.5 11.2 -0.2

1.1. FOOD & BEVERAGES 53.20 193.1 223.5 226.2 262.1 263.1 261.7 17.1 1.2 15.7 -0.5

Grains and Cereal Products 18.00 201.5 226.1 227.6 251.0 255.4 255.7 13.0 0.7 12.3 0.1
Rice and Rice Products (14.16) 198.0 226.7 228.4 254.3 257.4 255.6 15.4 0.7 11.9 -0.7
1.2 Wheat and Wheat Flour 1.79 251.7 242.3 242.3 260.7 276.0 294.1 -3.7 0.0 21.4 6.6
1.3 Other Grains and Cereal products 2.05 178.8 201.0 202.2 212.8 213.8 215.2 13.1 0.6 6.4 0.7
Pulses 2.73 197.1 245.5 245.6 336.3 334.9 318.4 24.6 0.0 29.6 -4.9
Vegetables and Fruits 7.89 148.5 172.8 181.0 224.0 205.2 193.4 21.9 4.7 6.9 -5.8
3.1 All Vegetables 6.25 144.6 169.3 176.7 221.2 196.4 181.5 22.2 4.4 2.7 -7.6
3.1.1 Vegetables without Leafy Green 5.15 149.6 177.3 184.9 234.6 204.3 185.2 23.6 4.3 0.2 -9.3
3.1.2 Leafy Green Vegetables 1.10 127.2 137.3 146.7 164.5 165.4 169.6 15.3 6.8 15.6 2.5
3.2 Fruits and Nuts 1.65 164.2 186.7 196.1 233.6 236.9 237.6 19.4 5.0 21.2 0.3
3.2.1 Fruits 1.59 164.4 187.3 197.0 235.7 239.1 239.9 19.8 5.2 21.8 0.3
3.2.2 Nuts 0.05 155.4 168.1 168.5 175.3 174.6 174.8 8.4 0.2 3.7 0.1
Spices 1.85 186.4 203.0 206.7 270.6 277.6 276.3 10.9 1.8 33.7 -0.5
Meat, Fish and Eggs 5.21 199.7 242.3 250.0 294.1 297.3 309.6 25.2 3.2 23.8 4.1
Milk and Milk Products 4.05 181.6 210.8 212.4 233.4 239.5 240.1 17.0 0.8 13.0 0.3
Oil and Ghee 3.07 206.9 224.9 220.3 210.5 212.7 213.2 6.5 -2.0 -3.2 0.2
Sugar and Related Products 1.21 135.0 196.6 206.5 324.4 349.1 332.4 53.0 5.0 61.0 -4.8
Beverages 2.28 192.9 219.9 220.2 250.8 251.7 251.9 14.2 0.1 14.4 0.1
9.1 Non Alcoholic Beverages 0.75 149.1 178.1 179.0 206.6 207.1 207.9 20.1 0.5 16.1 0.4
9.2 Alcoholic Beverages 1.53 210.2 236.3 236.3 266.5 267.4 267.4 12.4 0.0 13.2 0.0
Restaurant Meals 6.91 226.9 270.3 270.6 309.5 315.4 317.5 19.3 0.1 17.3 0.7

1.2. NON-FOOD & SERVICES 46.80 204.5 222.9 222.4 232.5 234.8 235.5 8.8 -0.2 5.9 0.3

Cloth, Clothing & Sewing Services 8.92 153.1 165.9 166.1 174.8 176.3 176.6 8.5 0.1 6.3 0.2
Cloths (2.28) 136.2 146.8 147.2 155.8 156.4 156.9 8.1 0.3 6.6 0.3
Clothings (5.75) 152.7 163.3 163.6 171.8 172.2 172.6 7.1 0.2 5.5 0.2
11.3 Sewing Services 0.89 204.5 234.6 234.6 248.0 257.7 257.7 14.7 0.0 9.8 0.0
Footwear 2.20 153.3 164.6 164.6 173.8 175.2 175.2 7.4 0.0 6.4 0.0
Housing goods and Services 14.87 229.6 251.6 250.0 261.1 264.3 266.4 8.9 -0.6 6.6 0.8
13.1 House Furnishing and Household Goods 3.50 156.2 175.9 175.9 184.9 186.6 186.6 12.6 0.0 6.1 0.0
13.2 House Rent 4.19 176.9 187.4 187.4 187.4 198.3 198.3 5.9 0.0 5.8 0.0
13.3 Cleaning Supplies 1.26 171.8 200.6 200.7 205.8 206.0 205.1 16.8 0.0 2.2 -0.4
Fuel, Light and Water (5.92) 322.7 352.0 347.7 367.7 368.1 373.1 7.7 -1.2 7.3 1.4
Transport and Communication 4.03 257.8 292.5 292.5 285.7 289.8 289.8 13.5 0.0 -0.9 0.0
14.1 Transport 3.61 273.1 311.6 311.6 304.1 308.8 308.8 14.1 0.0 -0.9 0.0
14.1.1 Public Transport 2.54 302.4 353.2 353.2 339.0 344.7 344.7 16.8 0.0 -2.4 0.0
14.1.2 Private Transport 1.07 199.6 206.5 206.5 213.7 213.7 213.7 3.5 0.0 3.5 0.0
14.2 Communication 0.42 126.6 126.7 126.7 126.7 126.7 126.7 0.1 0.0 0.0 0.0
Medical and Personal Care 8.03 192.2 201.5 201.5 205.7 205.8 205.8 4.8 0.0 2.1 0.0
15.1 Medical Care 6.21 200.5 209.1 209.1 213.7 213.6 213.6 4.3 0.0 2.2 0.0
15.2 Personal Care 1.82 163.3 174.8 174.8 177.8 178.4 178.4 7.0 0.0 2.1 0.0
Education, Reading and Recreation 7.09 223.8 242.4 242.4 265.9 269.3 269.4 8.3 0.0 11.1 0.0
16.1 Education 4.78 248.2 269.1 269.1 295.8 299.2 299.2 8.4 0.0 11.2 0.0
16.2 Reading and Recreation 1.63 164.7 176.3 176.3 193.3 199.5 199.5 7.0 0.0 13.2 0.0
16.3 Religious Activities 0.68 205.1 219.3 220.6 239.0 238.8 239.6 7.6 0.6 8.6 0.3
Tobacco and Related Products 1.66 187.7 218.3 218.3 239.0 242.6 242.6 16.3 0.0 11.1 0.0
PETROLEUM PRODUCT 2.71 490.1 533.1 516.1 545.6 546.6 554.4 5.3 -3.2 7.4 1.4
NON-PETROLEUM PRODUCT 97.29 190.4 214.7 216.5 240.2 241.9 241.2 13.7 0.8 11.4 -0.3
Urban Consumer Price Index : Kathmandu Valley
OVERALL INDEX 100.00 189.8 214.3 215.2 237.7 237.5 237.2 13.4 0.4 10.2 -0.1
FOOD & BEVERAGES 51.53 183.2 216.0 218.3 254.0 252.4 251.4 19.2 1.1 15.2 -0.4
NON-FOOD & SERVICES 48.47 196.7 212.5 211.9 220.5 221.7 222.1 7.7 -0.3 4.8 0.2
DOMESTIC GOODS 81.26 183.6 210.5 212.1 235.6 235.3 234.7 15.5 0.8 10.7 -0.3
IMPORTED GOODS 18.74 216.3 230.8 228.6 246.9 247.1 247.9 5.7 -1.0 8.4 0.3
TRADABLE GOODS 68.86 188.0 212.8 214.2 237.7 236.5 236.0 13.9 0.7 10.2 -0.2
NON-TRADABLE GOODS 31.14 193.7 217.6 217.4 237.8 239.5 239.9 12.2 -0.1 10.3 0.2
GOVT.CONTROLLED GOODS 17.03 235.6 264.2 262.5 282.6 285.5 285.2 11.4 -0.6 8.6 -0.1
NON-CONTROLLED GOODS 82.97 180.3 204.0 205.5 228.5 227.6 227.3 14.0 0.7 10.6 -0.1
PETROLEUM PRODUCT 3.04 460.7 502.9 490.0 518.9 518.9 525.3 6.4 -2.6 7.2 1.2
NON-PETROLEUM PRODUCT 96.96 181.3 205.2 206.6 228.9 228.6 228.1 14.0 0.7 10.4 -0.2
Urban Consumer Price Index : Terai
OVERALL INDEX 100.00 202.7 228.1 229.6 253.8 256.2 255.5 13.3 0.7 11.3 -0.3
FOOD & BEVERAGES 54.98 197.0 226.8 229.6 265.4 267.6 265.5 16.5 1.2 15.6 -0.8
NON-FOOD & SERVICES 45.02 209.8 229.8 229.7 239.7 242.3 243.3 9.5 0.0 5.9 0.4
PETROLEUM PRODUCT 2.54 493.0 535.7 518.0 546.3 548.2 556.3 5.1 -3.3 7.4 1.5
NON-PETROLEUM PRODUCT 97.46 195.2 220.1 222.1 246.2 248.6 247.7 13.8 0.9 11.5 -0.4
Urban Consumer Price Index : Hills
OVERALL INDEX 100.00 200.7 224.3 225.5 250.6 253.5 253.6 12.4 0.5 12.5 0.0
FOOD & BEVERAGES 53.04 198.7 227.2 230.3 266.5 268.8 268.6 15.9 1.4 16.6 -0.1
NON-FOOD & SERVICES 46.96 203.0 221.0 220.2 232.6 236.1 236.7 8.5 -0.4 7.5 0.3
PETROLEUM PRODUCT 2.33 530.8 575.9 553.9 587.8 587.8 596.8 4.4 -3.8 7.7 1.5
NON-PETROLEUM PRODUCT 97.67 192.8 215.9 217.7 242.5 245.5 245.4 12.9 0.8 12.7 0.0
P = Provisional
Table 7
National Wholesale Price Index
(1999/00 = 100)
(y-o-y)
Mid- March
2007/08 2008/09 2009/10P Percentage Change
Groups and Sub-groups Weight %
Feb/Mar Jan/Feb Feb/Mar Dec/Jan Jan/Feb Feb/Mar Column 5 Column 5 Column 8 Column 8
1 2 3 4 5 6 7 8 Over 3 Over 4 Over 5 Over 7
100.00 156.4 174.0 175.6 200.6 198.7 197.0 12.3 0.9 12.2 -0.9
1. Overall Index

1.1 Agricultural Commodities 49.59 152.1 171.6 175.3 219.5 214.5 209.0 15.3 2.2 19.2 -2.6

Foodgrains 16.58 156.4 162.0 163.4 192.5 198.0 199.6 4.5 0.9 22.2 0.8

Cash Crops 6.09 156.7 155.1 168.7 249.7 200.1 180.8 7.7 8.8 7.2 -9.6

Pulses 3.77 183.2 211.7 211.5 287.2 288.8 282.7 15.4 -0.1 33.7 -2.1

Fruits and Vegetables 11.18 125.5 158.8 165.4 175.9 173.1 156.6 31.8 4.2 -5.3 -9.5

Spices 1.95 124.0 134.4 135.4 196.6 179.8 184.7 9.2 0.7 36.4 2.7

Livestock Production 10.02 165.9 203.8 204.4 273.8 275.6 277.0 23.2 0.3 35.5 0.5

1.2 Domestic Manufactured Commodities 20.37 150.1 162.6 163.3 178.6 180.8 183.0 8.8 0.4 12.1 1.2

Food-Related Products 6.12 142.8 151.6 153.8 173.6 180.2 182.3 7.7 1.5 18.5 1.2

Beverages and Tobacco 5.68 142.5 159.3 161.5 181.7 181.7 182.8 13.3 1.4 13.2 0.6

Construction Materials 4.50 196.4 208.4 205.9 223.3 224.4 229.2 4.8 -1.2 11.3 2.1

Others 4.07 120.8 133.0 133.0 132.5 132.2 133.2 10.1 0.0 0.2 0.8

1.3 Imported Commodities 30.04 167.7 185.7 184.5 184.1 184.8 186.7 10.0 -0.6 1.2 1.0

Petroleum Products and Coal 5.40 295.0 316.6 307.1 306.5 306.5 315.9 4.1 -3.0 2.9 3.1

Chemical Fertilizers and Chemical Goods 2.46 195.8 211.7 211.7 186.6 186.6 186.6 8.1 0.0 -11.9 0.0

Transport Vehicles and Machinery Goods 6.97 137.5 162.7 163.0 162.6 162.8 163.0 18.5 0.2 0.0 0.1

Electric and Electronic Goods 1.87 94.7 101.7 101.8 95.1 95.1 98.7 7.5 0.1 -3.0 3.8

Drugs and Medicine 2.73 117.8 122.0 122.1 130.1 130.1 130.1 3.7 0.1 6.6 0.0

Textile-Related Products 3.10 107.6 129.4 129.4 127.0 127.0 127.7 20.3 0.0 -1.3 0.6

Others 7.51 156.0 171.9 173.6 180.6 183.2 182.9 11.3 1.0 5.4 -0.2
P = Provisional
* Revised `
Table 8
National Salary and Wage Rate Index
(2004/05=100)
(y-o-y)
Mid-March
Weight 2007/08 2008/09 2009/10P Percentage Change
Groups/Sub-groups
% Feb/Mar Jan/Feb Feb/Mar Dec/Jan Jan/Feb Feb/Mar
S.No. 5 over 3 5 over 4 8 over 5 8 over 7
1 2 3 4 5 6 7 8
Overall Index 100.0 125.1 145.3 149.2 169.5 169.5 169.6 19.3 2.7 13.7 0.1

1 Salary Index 27.0 118.2 138.0 138.0 157.0 157.0 157.0 16.8 0.0 13.8 0.0

Officers 9.8 121.0 134.5 134.5 150.2 150.2 150.2 11.2 0.0 11.7 0.0
Non Officers 17.2 116.6 140.1 140.1 160.9 160.9 160.9 20.2 0.0 14.8 0.0

1.1 Civil Service 2.8 135.8 173.9 173.9 199.3 199.3 199.3 28.1 0.0 14.6 0.0
Officers 0.3 137.3 153.5 153.5 171.5 171.5 171.5 11.8 0.0 11.7 0.0
Non Officers 2.5 135.6 176.3 176.3 202.7 202.7 202.7 30.0 0.0 15.0 0.0
1.2 Public Corporations 1.1 121.2 147.7 147.7 164.1 164.1 164.1 21.9 0.0 11.1 0.0
Officers 0.2 132.1 144.5 144.5 161.0 161.0 161.0 9.4 0.0 11.4 0.0
Non Officers 1.0 119.0 148.4 148.4 164.7 164.7 164.7 24.7 0.0 11.0 0.0
1.3 Bank & Financial Institutions 0.6 170.5 201.5 201.5 204.1 204.1 204.1 18.2 0.0 1.3 0.0
Officers 0.1 167.7 179.9 179.9 182.3 182.3 182.3 7.3 0.0 1.3 0.0
Non Officers 0.5 171.2 206.4 206.4 209.0 209.0 209.0 20.6 0.0 1.3 0.0
1.4 Army & Police Forces 4.0 121.8 159.4 159.4 180.2 180.2 180.2 30.9 0.0 13.0 0.0
Officers 0.2 127.5 142.5 142.5 152.2 152.2 152.2 11.8 0.0 6.8 0.0
Non Officers 3.8 121.5 160.2 160.2 181.5 181.5 181.5 31.9 0.0 13.3 0.0
1.5 Education 10.6 122.8 142.6 142.6 174.5 174.5 174.5 16.1 0.0 22.4 0.0
Officers 6.8 125.7 143.3 143.3 164.5 164.5 164.5 14.0 0.0 14.8 0.0
Non Officers 3.8 117.6 141.4 141.4 192.8 192.8 192.8 20.2 0.0 36.4 0.0
1.6 Private Institutions 7.9 99.8 102.5 102.5 102.5 102.5 102.5 2.7 0.0 0.0 0.0
Officers 2.2 100.6 101.4 101.4 101.4 101.4 101.4 0.8 0.0 0.0 0.0
Non Officers 5.7 99.5 102.9 102.9 102.9 102.9 102.9 3.4 0.0 0.0 0.0

2 Wage Rate Index 73.0 127.7 148.0 153.4 174.1 174.1 174.2 20.1 3.6 13.6 0.1

2.1 Agricultural Labourer 39.5 126.1 155.1 160.0 187.2 187.2 187.2 26.9 3.2 17.0 0.0
Male 20.5 124.6 155.1 159.8 189.1 189.1 189.1 28.3 3.0 18.3 0.0
Female 19.0 127.8 155.0 160.2 185.1 185.1 185.1 25.4 3.4 15.5 0.0
2.2 Industrial Labourer 25.3 132.9 140.2 147.0 159.6 159.6 159.9 10.6 4.9 8.8 0.2
High Skilled 6.3 123.4 129.3 134.7 147.2 147.2 147.2 9.2 4.2 9.3 0.0
Skilled 6.3 130.4 137.0 144.6 156.4 156.4 157.4 10.9 5.5 8.9 0.6
Semi Skilled 6.3 134.4 142.9 151.3 162.8 162.8 162.8 12.6 5.9 7.6 0.0
Unskilled 6.3 143.3 151.7 157.6 172.2 172.2 172.2 10.0 3.9 9.3 0.0
2.3 Construction Labourer 8.3 119.6 138.0 141.2 155.8 155.8 156.1 18.1 2.3 10.6 0.2
Mason 2.8 119.0 133.1 136.7 151.4 151.4 151.4 14.9 2.7 10.8 0.0
Skilled 1.4 117.8 130.4 134.1 149.5 149.5 149.5 13.8 2.8 11.5 0.0
Unskilled 1.4 120.2 135.8 139.4 153.4 153.4 153.4 16.0 2.7 10.0 0.0
Carpenter 2.8 114.2 128.8 133.0 143.3 143.3 144.3 16.5 3.3 8.5 0.7
Skilled 1.4 113.9 125.4 128.8 140.1 140.1 141.8 13.1 2.7 10.1 1.2
Unskilled 1.4 114.4 132.2 137.3 146.5 146.5 146.9 20.0 3.9 7.0 0.3
Worker 2.8 125.6 152.1 153.8 172.5 172.5 172.5 22.5 1.1 12.2 0.0
Male 1.4 121.8 150.9 152.4 170.3 170.3 170.3 25.1 1.0 11.7 0.0
Female 1.4 129.4 153.4 155.1 174.7 174.7 174.7 19.9 1.1 12.6 0.0
P : Provisional
Table 9
Government Budgetary Operation+
(On Cash Basis)
First Eight Months
Rs in million
Amount Percent Change
Heads 2007/08 2008/09 2009/10P 2008/09 2009/10P
Sanctioned Expenditure 90197.9 106486.8 138515.1 18.1 30.1
Recurrent 56667.0 69666.8 90259.0 22.9 29.6
Capital 21061.4 20163.5 28287.1 -4.3 40.3
a.Domestic Resources & Loans 19258.8 17451.8 24416.4 -9.4 39.9
b.Foreign Grants 1802.6 2711.7 3870.7 - -
Principal Repayment 10091.6 11066.7 9789.7 9.7 -11.5
Others (Freeze Account) 2377.9 5589.8 10179.3 135.1 82.1
Unspent Government Balance 9856.2 14737.8 17083.2 49.5 15.9
Recurrent 5565.5 8287.5 10891.1 48.9 31.4
Capital 3642.6 5517.9 5837.8 51.5 5.8
Principal Repayment 648.1 932.4 354.3 43.9 -62.0
Actual Expenditure 80341.7 91749.0 121431.9 14.2 32.4
Recurrent 51101.5 61379.3 79367.9 20.1 29.3
Capital 17418.8 14645.6 22449.3 -15.9 53.3
Principal Repayment 9443.5 10134.3 9435.4 7.3 -6.9
Others (Freeze Account) 2377.9 5589.8 10179.3 135.1 82.1
Resources 73354.2 103053.3 126373.3 40.5 22.6
Revenue 60614.9 84038.3 105583.6 38.6 25.6
Foreign Grants 9777.6 15636.2 15738.3 59.9 0.7
Non-Budgetary Receipts,net 2167.6 930.4 4755.7 -57.1 411.1
Others # -21.3 20.4 109.1 -195.8 434.8
V.A.T. 307.3 279.4 892.7 -9.1 219.5
Local Authority Accounts 508.1 2148.6 -706.1 322.9 -132.9
Deficit (-) Surplus (+) -6987.5 11304.3 4941.4 -261.8 -56.3
Sources of Financing 6987.5 -11304.3 -4941.4 -261.8 -56.3
Internal Loans 4464.3 -14171.0 -7470.9 -417.4 -47.3
Domestic Borrowings 9200.0 8700.0 2360.0 -5.4 -72.9
a.Treasury Bills 6000.0 6000.0 260.0 0.0 -95.7
b.Development Bonds 2400.0 2000.0 1500.0 -16.7 -25.0
c.National Savings Certificates 0.0 0.0 600.0 - -
d. Citizen Saving Certificates 800.0 700.0 0.0 -12.5 -
Overdrafts++ -4342.6 -22575.2 -9658.9 419.9 -57.2
Others@ -393.1 -295.8 -172.0 -24.8 -41.9
Foreign Loans 2523.2 2866.7 2529.5 13.6 -11.8

+ As per NRB records.


# Change in outstanding amount disbursed to VDC/DDC remaining unspent.
++ Minus (-) indicates surplus.
@ Interest from Government Treasury transactions and others.
P : Provisional.
Table 10
Government Revenue Collection
First Eight Months

Rs in million Percent Change Composition

2007/08 2008/09 2009/10 P 2008/09 2009/10P 2008/09 2009/10

Value Added Tax 19514.8 23432.9 33625.6 20.1 43.5 27.9 31.8

Customs 12845.3 15326.9 21914.2 19.3 43.0 18.2 20.8

Income Tax 10179.5 14518.7 17521.7 42.6 20.7 17.3 16.6

Excise 6362.3 8994.6 14843.2 41.4 65.0 10.7 14.1

Registration Fee 2027.2 3151.3 3568.7 55.5 13.2 3.7 3.4

Vechile Tax 1035.1 1661.8 1994.2 60.6 20.0 2.0 1.9

Educational Service Tax - - 110.5 - - - 0.1

Non-Tax Revenue 8650.8 16951.9 12005.4 96.0 -29.2 20.2 11.4

Total Revenue 60614.9 84038.3 105583.6 38.6 25.6 100.0 100.0


P: Provisional
Table 11
Outstanding Domestic Debt of the GON

Rs in million
Amount Change
No. Name of Bonds/Ownership 2008 2009 2009 2010 Mar-Jul
Mid-Jul Mid-Mar Mid-Jul Mid-Mar 2008/09 2009/10
1 Treasury Bills 85033.0 86609.0 86515.1 82373.3 1576.0 -4141.8
a. Banking Sector 82545.4 83692.3 83603.4 79979.1 1147.0 -3624.3
i. Nepal Rastra Bank 17579.0 21855.0 22548.6 26399.7 4276.0 3851.1
ii. Commercial Banks 64966.3 61837.3 61054.8 53579.5 -3129.0 -7475.3
b. Non-Banking Sector 2487.7 2916.7 2911.7 2394.8 429.0 -516.9
2 Development Bonds 21735.4 23728.5 29478.5 30978.5 1993.1 1500.0
a. Banking Sector 7313.2 8260.8 11038.9 11467.4 16415.3 428.4
i. Nepal Rastra Bank 296.5 299.1 302.2 305.7 7964.3 3.4
ii. Commercial Banks 7016.7 7961.7 10736.7 11161.7 -6717.6 425.0
b. Non-Banking Sector 14422.3 15467.7 18439.6 19511.2 -6460.6 1071.6
3 National Saving Certificates 1116.9 1116.9 216.9 216.9 14350.8 0.0
a. Banking Sector 447.2 534.1 76.9 93.6 669.8 16.7
i. Nepal Rastra Bank 447.2 534.1 76.9 93.6 86.9 16.7
ii. Commercial Banks 0.0 0.0 0.0 0.0 534.1 0.0
b. Non-Banking Sector 669.8 582.8 140.0 123.3 -669.8 -16.7
4 Citizen Saving Bonds 3014.4 3466.6 4433.6 5033.6 -2431.5 600.0
a. Banking Sector 562.7 837.7 1155.1 2052.0 2903.9 896.8
i. Nepal Rastra Bank 562.7 837.7 1155.1 2052.0 275.0 896.8
b. Non-Banking Sector 2451.6 2628.9 3278.5 2981.7 -1614.0 -296.8
5 Special Bonds 339.4 261.9 229.6 204.1 2289.5 -25.5
a. Banking Sector 157.6 157.6 157.6 157.6 104.3 0.0
i. Commercial Banks 157.6 157.6 157.6 157.6 0.0 0.0
b.Non-Banking Sector 181.8 104.3 72.0 46.5 -24.2 -25.5
(Of which duty drawback) 181.8 104.3 104.3 104.3 -77.5 0.0
6 Short Term Loan & Advances -3946.4 -26521.6 8835.8 -823.1 4050.7 -9658.9
Nepal Rastra Bank -3946.4 -26521.6 8835.8 -823.1 -22575.2 -9658.9
7 Grand Total 107292.7 88661.3 129709.5 117983.4 -133814.3 -11726.2
a Banking Sector 87079.6 66960.9 104867.8 92926.5 1581.7 -11941.3
i NRB 14939.0 -2995.8 32918.6 28027.8 52021.9 -4890.8
ii. Commercial Banks 72140.6 69956.6 71949.1 64898.8 -75136.4 -7050.3
b. Non-Banking Sector 20213.1 21700.4 24841.8 25057.4 49743.5 215.6
Table 12
Direction of Foreign Trade*
First Eight Months
Rs in million
Percent Change
2007/08 2008/09R 2009/10P
2008/09 2009/10

TOTAL EXPORTS 37813.9 43934.9 40406.8 16.2 -8.0

To India 25786.6 26743.1 25964.4 3.7 -2.9


To Other Countries 12027.3 17191.8 14442.4 42.9 -16.0

TOTAL IMPORTS 139559.3 176286.8 253739.1 26.3 43.9

From India 88466.0 99180.1 137407.9 12.1 38.5


From Other Countries 51093.3 77106.7 116331.2 50.9 50.9

TOTAL TRADE BALANCE -101745.4 -132351.9 -213332.3 30.1 61.2

With India -62679.4 -72437.0 -111443.5 15.6 53.8


With Other Countries -39066.0 -59914.9 -101888.8 53.4 70.1

TOTAL FOREIGN TRADE 177373.2 220221.7 294145.9 24.2 33.6

With India 114252.6 125923.2 163372.3 10.2 29.7


With Other Countries 63120.6 94298.5 130773.6 49.4 38.7

1. Ratio of export to import 27.1 24.9 15.9


India 29.1 27.0 18.9
Other Countries 23.5 22.3 12.4
2.Share in total export
India 68.2 60.9 64.3
Other Countries 31.8 39.1 35.7
3.Share in total import
India 63.4 56.3 54.2
Other Countries 36.6 43.7 45.8
4.Share in trade balance
India 61.6 54.7 52.2
Other Countries 38.4 45.3 47.8
5.Share in total trade
India 64.4 57.2 55.5
Other Countries 35.6 42.8 44.5
6. Share of export and import in total trade
Export 21.3 20.0 13.7
Import 78.7 80.0 86.3
* Based on customs data
R=Revised
P=Provisional
Table 13
Exports of Major Commodities to India
Rs. in million
First Eight Months Percent Change
2007/08 2008/09R 2009/10P 2008/09 2009/10
A. Major Commodities 21651.5 19647.7 18947.7 -9.3 -3.6
1 Aluminium Section 459.4 322.7 233.9 -29.8 -27.5
2 Batica Hair Oil 0.1 3.0 30.3 - 910.0
3 Biscuits 0.5 151.2 0.0 - -100.0
4 Brans 159.6 111.7 56.4 -30.0 -49.5
5 Brooms 46.9 4.4 44.2 -90.6 904.5
6 Cardamom 713.8 726.7 1035.4 1.8 42.5
7 Catechue 314.2 615.0 1072.2 95.7 74.3
8 Cattlefeed 108.6 247.4 80.5 127.8 -67.5
9 Chemicals 218.3 245.8 15.1 12.6 -93.9
10 Cinnamon 13.2 14.9 9.0 12.9 -39.6
11 Copper Wire Rod 503.3 485.5 544.7 -3.5 12.2
12 Dried Ginger 35.9 46.4 41.5 29.2 -10.6
13 Fruits 0.1 69.5 1.8 - -97.4
14 G.I. pipe 158.2 675.5 398.7 327.0 -41.0
15 Ghee (Vegetable) 2132.3 4.9 0.0 -99.8 -100.0
16 Ghee(Clarified) 73.1 66.6 69.6 -8.9 4.5
17 Ginger 428.1 258.6 282.5 -39.6 9.2
18 Handicraft Goods 15.1 11.0 11.4 -27.3 3.8
19 Herbs 76.9 95.0 124.8 23.6 31.4
20 Juice 1148.2 1089.9 1069.8 -5.1 -1.8
21 Jute Goods 1772.7 559.5 1867.7 -68.4 233.8
(a) Hessian 403.2 129.2 285.3 -68.0 120.8
(b) Sackings 790.1 125.4 1366.9 -84.1 990.0
(c) Twines 579.4 304.9 215.5 -47.4 -29.3
22 Live Animals 47.7 16.8 30.7 -64.8 82.7
23 M.S. Pipe 649.2 56.7 390.5 -91.3 588.7
24 Marble Slab 113.7 158.9 32.7 39.8 -79.4
25 Medicine (Ayurvedic) 88.1 155.5 81.0 76.5 -47.9
26 Mustard & Linseed 35.1 53.2 11.4 51.6 -78.6
27 Noodles 320.2 523.7 424.9 63.6 -18.9
28 Oil Cakes 236.4 323.9 337.8 37.0 4.3
29 Paper 75.4 72.1 24.8 -4.4 -65.6
30 Particle Board 92.0 82.1 59.8 -10.7 -27.2
31 Pashmina 0.6 39.1 51.0 - 30.4
32 Plastic Utensils 277.1 453.9 2.3 63.8 -99.5
33 Polyster Yarn 1660.3 1355.7 2476.3 -18.3 82.7
34 Pulses 280.5 327.3 10.6 16.7 -96.8
35 Raw Jute 31.1 4.8 64.5 -84.6 -
36 Readymade garment 370.5 1409.2 233.6 280.4 -83.4
37 Ricebran Oil 123.9 55.0 82.2 -55.6 49.5
38 Rosin 209.3 213.0 197.4 1.8 -7.3
39 Shoes and Sandles 262.8 600.0 404.8 128.3 -32.5
40 Skin 230.8 106.3 154.6 -53.9 45.4
41 Soap 286.2 374.4 267.1 30.8 -28.7
42 Stone and Sand 205.5 266.9 17.6 29.9 -93.4
43 Tarpentine 46.9 65.6 54.3 39.9 -17.2
44 Textiles* 1531.9 1533.3 2017.3 0.1 31.6
45 Thread 2314.7 2102.0 1879.2 -9.2 -10.6
46 Tooth Paste 191.6 448.4 413.7 134.0 -7.7
47 Turmeric 0.0 0.5 1.8 - 260.0
48 Vegetable 15.8 66.8 14.1 322.8 -78.9
49 Wire 813.6 693.0 655.1 -14.8 -5.5
50 Zinc Oxide 0.0 0.0 0.0 - -
51 Zinc sheet 2762.1 2284.3 1567.1 -17.3 -31.4
B. Others 4135.1 7095.4 7016.7 71.6 -1.1
Total(A+B) 25786.6 26743.1 25964.4 3.7 -2.9
R=Revised, P=Provisional
* includes P.P. fabric
Table 14
Exports of Major Commodities to Other Countries
Rs. in million
First Eight Months Percent Change
2007/08 2008/09R 2009/10P 2008/09 2009/10
A. Major Commodities 7481.0 13309.6 10852.1 77.9 -18.5
1 Handicraft ( Metal and Wooden ) 124.8 451.3 773.8 261.6 71.5
2 Herbs 54.7 261.3 188.3 377.7 -27.9
3 Nepalese Paper & Paper Products 29.6 197.1 427.0 565.9 116.6
4 Nigerseed 1.2 1.0 0.0 -16.7 -100.0
5 Pashmina 143.0 953.9 945.8 567.1 -0.8
6 Pulses 466.9 3925.5 2830.0 740.8 -27.9
7 Readymade Garments 3089.4 3329.4 2660.4 7.8 -20.1
8 Readymade Leather Goods 14.5 5.2 17.4 -64.1 234.6
9 Silverware and Jewelleries 159.4 216.8 113.4 36.0 -47.7
10 Tanned Skin 118.4 222.7 211.8 88.1 -4.9
11 Tea 32.2 43.5 60.7 35.1 39.5
12 Woolen Carpet 3246.9 3701.9 2623.5 14.0 -29.1
B. Others 4546.3 3882.2 3590.3 -14.6 -7.5
Total (A+B) 12027.3 17191.8 14442.4 42.9 -16.0
P=Provisional
R=Revised
Table 15
Imports of Major Commodities from India
Rs in million
First Eight Months Percent Change
2007/08 2008/09R 2009/10P 2008/09 2009/10
A. Major Commodities 69208.7 78083.0 108074.3 12.8 38.4
1 Agri. Equip.& Parts 1103.6 1110.8 2546.9 0.7 129.3
2 Almunium Bars, Rods, Profiles, Foil etc. 439.2 338.7 809.2 -22.9 138.9
3 Baby Food & Milk Products 231.6 426.9 453.3 84.3 6.2
4 Bitumen 116.2 52.7 272.8 -54.6 417.6
5 Books and Magazines 224.6 247.9 413.3 10.4 66.7
6 Cement 1639.4 2155.6 2719.4 31.5 26.2
7 Chemical Fertilizer 267.9 7.2 1090.6 -97.3 -
8 Chemicals 1706.9 1766.9 2109.9 3.5 19.4
9 Coal 515.4 932.3 1389.2 80.9 49.0
10 Coldrolled Sheet Incoil 2468.5 4757.9 4296.7 92.7 -9.7
11 Cooking Stoves 34.0 33.6 74.5 -1.2 121.7
12 Cosmetics 354.6 459.8 947.6 29.7 106.1
13 Cuminseeds and Peppers 142.6 183.2 163.9 28.5 -10.5
14 Dry Cell Battery 77.9 48.7 151.4 -37.5 210.9
15 Electrical Equipment 2299.1 2024.1 3809.3 -12.0 88.2
16 Enamel & Other Paints 233.5 304.1 545.4 30.2 79.4
17 Fruits 423.1 234.7 161.5 -44.5 -31.2
18 Glass Sheet and G.Wares 719.3 556.8 740.2 -22.6 32.9
19 Hotrolled Sheet Incoil 2682.3 1363.4 3345.9 -49.2 145.4
20 Incense Sticks 230.7 73.2 79.7 -68.3 8.9
21 Insecticides 347.9 154.6 297.9 -55.6 92.7
22 Live Animals 252.7 232.3 20.5 -8.1 -91.2
23 M.S. Billet 4967.2 4415.6 10072.4 -11.1 128.1
24 M.S. Wires, Rods, Incoils, Bars 1433.3 1899.5 4620.2 32.5 143.2
25 Medicine 3459.9 4037.0 5041.6 16.7 24.9
26 Molasses Sugar 65.1 53.5 13.3 -17.8 -75.2
27 Other Machinery & Parts 3138.5 4661.0 5147.0 48.5 10.4
28 Other Stationary Goods 162.1 179.6 176.2 10.8 -1.9
29 Paper 454.0 653.6 862.8 44.0 32.0
30 Petroleum Products 23437.4 27915.5 28777.6 19.1 3.1
31 Pipe and Pipe Fittings 683.3 434.6 302.1 -36.4 -30.5
32 Plastic Utensils 64.4 131.1 78.2 103.6 -40.4
33 Radio, TV, Deck & Parts 351.4 377.0 573.0 7.3 52.0
34 Raw Cotton 37.1 41.7 46.0 12.4 10.3
35 Readymade Garments 666.6 783.2 831.4 17.5 6.2
36 Rice 652.4 423.0 765.6 -35.2 81.0
37 Salt 91.4 127.2 165.5 39.2 30.1
38 Sanitaryware 114.0 96.5 270.9 -15.4 180.7
39 Shoes & Sandles 59.6 77.9 89.7 30.8 15.1
40 Steel Sheet 0.1 15.5 0.0 - -100.0
41 Sugar 9.3 354.6 480.4 - 35.5
42 Tea 14.1 23.8 20.6 68.8 -13.4
43 Textiles 1278.6 1673.7 1883.9 30.9 12.6
44 Thread 1924.1 1526.6 2017.9 -20.7 32.2
45 Tobacco 423.0 592.4 1103.2 40.0 86.2
46 Tyre, Tubes & Flapes 261.0 368.1 518.2 41.0 40.8
47 Vegetables 1034.6 832.8 1015.2 -19.5 21.9
48 Vehicles & Spare Parts 7320.7 8784.0 16416.9 20.0 86.9
49 Wire Products 594.6 138.6 345.4 -76.7 149.2
B. Others 19257.3 21097.1 29333.6 9.6 39.0
Total (A+B) 88466.0 99180.1 137407.9 12.1 38.5
R=Revised
P=Provisional
Table 16
Import of Major Commodities from Other Countries
Rs. in million
First Eight Months Percent Change
2007/08 2008/09R 2009/10P 2008/09 2009/10
A. Major Commodities 38299.5 60872.6 90913.3 58.9 49.4
1 Aircraft Spareparts 549.6 1169.3 1765.4 112.8 51.0
2 Bags 50.2 53.9 75.8 7.4 40.6
3 Betelnut 940.4 1297.4 1777.6 38.0 37.0
4 Button 11.4 3.1 2.9 -72.8 -6.5
5 Camera 82.8 983.0 78.8 - -92.0
6 Chemical Fertilizer 19.6 2.4 703.5 -87.8 -
7 Cigarette Paper 16.7 29.7 29.4 77.8 -1.0
8 Clove 98.1 13.6 18.4 -86.1 35.3
9 Coconut Oil 9.0 28.1 10.2 212.2 -63.7
10 Computer and Parts 1313.4 2284.3 3614.0 73.9 58.2
11 Copper Wire Rod,Scrapes & Sheets 1131.5 1320.6 1030.1 16.7 -22.0
12 Cosmetic Goods 262.7 2246.8 483.5 755.3 -78.5
13 Crude Coconut Oil 45.9 28.1 241.1 -38.8 758.0
14 Crude Palm Oil 3856.2 2454.4 1225.4 -36.4 -50.1
15 Crude Soyabean Oil 1096.7 1626.2 2283.7 48.3 40.4
16 Cuminseed 0.0 0.0 0.0 - -
17 Door Locks 9.1 37.0 37.2 306.6 0.5
18 Drycell Battery 392.6 80.5 5.3 -79.5 -93.4
19 Edible Oil 122.8 731.4 480.8 495.6 -34.3
20 Electrical Goods 2790.1 5179.0 4355.4 85.6 -15.9
21 Fastener 40.4 67.8 47.5 67.8 -29.9
22 Flash Light 8.9 0.1 35.0 -98.9 -
23 G.I.Wire 0.0 55.0 78.5 - 42.7
24 Glasswares 113.1 120.8 174.4 6.8 44.4
25 Gold 2181.9 8938.9 37468.7 309.7 319.2
26 Insecticides 16.4 93.7 37.2 471.3 -60.3
27 M.S. Billet 478.7 2893.5 88.9 504.4 -96.9
28 M.S.Wire Rod 169.5 272.1 311.6 60.5 14.5
29 Medical Equip.& Tools 738.8 931.7 1396.4 26.1 49.9
30 Medicine 903.3 1976.0 1966.7 118.8 -0.5
31 Office Equip.& Stationary 27.8 111.3 448.0 300.4 302.5
32 Other Machinary & Parts 2576.5 3568.7 5286.9 38.5 48.1
33 Other Stationaries 218.3 384.3 378.3 76.0 -1.6
34 P.V.C.Compound 495.0 725.6 660.9 46.6 -8.9
35 Palm Oil 188.4 248.0 398.4 31.6 60.6
36 Parafin Wax 59.4 78.1 104.7 31.5 34.1
37 Petroleum Products 244.2 758.1 1046.1 210.4 38.0
38 Pipe & Pipe Fittings 186.0 141.3 221.9 -24.0 57.0
39 Polythene Granules 2363.7 2481.8 3930.5 5.0 58.4
40 Powder Milk 25.6 57.8 118.6 125.8 105.2
41 Raw Silk 5.1 41.0 31.8 703.9 -22.4
42 Raw Wool 676.2 317.7 488.5 -53.0 53.8
43 Readymade Garments 1202.0 2491.6 716.7 107.3 -71.2
44 Shoes and Sandals 460.5 331.0 314.8 -28.1 -4.9
45 Silver 390.1 1040.0 1095.5 166.6 5.3
46 Small Cardamom 145.6 100.9 134.0 -30.7 32.8
47 Steel Rod & Sheet 0.5 217.7 1665.6 - 665.1
48 Storage Battery 43.7 101.7 612.0 132.7 501.8
49 Synthetic & Natural Rubber 141.2 108.7 34.5 -23.0 -68.3
50 Synthetic Carpet 79.3 87.0 264.8 9.7 204.4
51 Telecommunication Equip. Parts 2938.4 2587.2 5439.8 -12.0 110.3
52 Tello 259.4 95.1 158.8 -63.3 67.0
53 Textile Dyes 813.6 521.7 17.3 -35.9 -96.7
54 Textiles 1147.0 2006.6 872.8 74.9 -56.5
55 Threads 927.4 1224.6 1569.8 32.0 28.2
56 Toys 43.3 321.7 116.8 643.0 -63.7
57 Transport Equip.& Parts 2660.8 3393.4 2451.6 27.5 -27.8
58 Tyre,Tube & Flaps 40.8 168.5 228.1 313.0 35.4
59 Umbrella and Parts 54.4 66.7 57.6 22.6 -13.6
60 Video Television & Parts 1306.4 1015.4 989.1 -22.3 -2.6
61 Watches & Bands 86.2 111.6 107.5 29.5 -3.7
62 Writing & Printing Paper 578.9 774.3 797.0 33.8 2.9
63 X-Ray Film 131.5 42.3 90.3 -67.8 113.5
64 Zinc Ingot 332.5 232.8 240.9 -30.0 3.5
B. Others 12793.8 16234.1 25417.9 26.9 56.6
Total (A+B) 51093.3 77106.7 116331.2 50.9 50.9
R=Revised
P=Provisional
Table 17
Summary of Balance of Payments Presentation

Rs in million
% Change
2007/08 2008/09 2009/10 P
Particulars During 8 months
8 Months Annual 8 Months Annual 8 Months 2008/09 2009/10
A. Current Account -1539.7 23679.6 28944.0 41437.3 -32583.6 -1979.8 -212.6
Goods: Exports f.o.b. 39593.0 61971.1 46306.9 69906.8 41902.6 17.0 -9.5
Oil 0.0 0.0 0.0 0.0 0.0 - -
Other 39593.0 61971.1 46306.9 69906.8 41902.6 17.0 -9.5
Goods: Imports f.o.b. -137268.2 -217962.8 -172781.1 -279227.8 -247977.4 25.9 43.5
Oil -23437.4 -40815.7 -27893.0 -41356.7 -28777.6 19.0 3.2
Other -113830.8 -177147.1 -144888.1 -237871.1 -219199.8 27.3 51.3
Balance on Goods -97675.2 -155991.7 -126474.2 -209321.0 -206074.8 29.5 62.9
Services: Net -9563.1 -11092.0 -9313.0 -10478.0 -8674.5 -2.6 -6.9
Services: credit 24884.0 42236.1 34467.6 52830.1 30564.9 38.5 -11.3
Travel 10891.0 18653.1 16825.2 27959.8 16767.2 54.5 -0.3
Government n.i.e. 8049.2 13301.8 10070.4 12734.4 4326.8 25.1 -57.0
Other 5943.8 10281.2 7572.0 12135.9 9470.9 27.4 25.1
Services: debit -34447.1 -53328.1 -43780.6 -63308.1 -39239.4 27.1 -10.4
Transportation -15025.5 -22675.9 -16041.1 -22116.2 -9164.8 6.8 -42.9
Travel -13324.9 -20862.0 -21066.2 -31396.3 -22595.9 58.1 7.3
O/W Education -5253.9 -7373.0 -7854.0 -12126.0 -9538.4 49.5 21.4
Government services -397.4 -635.7 -571.9 -980.4 -907.1 43.9 58.6
Other -5699.3 -9154.5 -6101.4 -8815.2 -6571.6 7.1 7.7
Balance on Goods and Services -107238.3 -167083.7 -135787.2 -219799.0 -214749.3 26.6 58.2
Income: Net 3099.4 7946.8 7216.2 11749.5 6656.4 132.8 -7.8
Income: credit 6627.7 13447.7 10852.3 16506.6 10047.3 63.7 -7.4
Income: debit -3528.3 -5500.9 -3636.1 -4757.1 -3390.9 3.1 -6.7
Balance on Goods,Services and Income -104138.9 -159136.9 -128571.0 -208049.5 -208092.9 23.5 61.9
Transfers: Net 102599.2 182816.5 157515.0 249486.8 175509.3 53.5 11.4
Current transfers: credit 104225.1 185462.9 160453.0 257461.3 179256.1 53.9 11.7
Grants 9610.8 20993.2 17620.2 26796.2 15522.0 83.3 -11.9
Workers' remittances 82422.5 142682.7 131007.9 209698.5 143958.7 58.9 9.9
Pensions 10040.2 18789.9 10160.0 17755.4 17765.3 1.2 74.9
Other (Indian Excise Refund) 2151.6 2997.1 1664.9 3211.2 2010.1 -22.6 20.7
Current transfers: debit -1625.9 -2646.4 -2938.0 -7974.5 -3746.8 80.7 27.5
B Capital Account (Capital Transfer) 6722.2 7912.5 4633.5 6231.0 8960.4 -31.1 93.4
Total, Groups A plus B 5182.5 31592.1 33577.5 47668.3 -23623.2 547.9 -170.4
C Financial Account (Excluding Group E) 6350.2 11032.6 18481.4 18049.8 -8209.3 191.0 -144.4
Direct investment in Nepal -133.1 293.9 1062.2 1829.2 1612.5 -898.0 51.8
Portfolio Investment 0.0 0.0 0.0 0.0 0.0 - -
Other investment: assets -5793.0 -11396.1 -3408.5 -17675.1 -7503.8 -41.2 120.1
Trade credits -1286.7 853.2 -38.5 -3024.2 -1204.3 -97.0 3028.1
Other -4506.3 -12249.3 -3370.0 -14650.9 -6299.5 -25.2 86.9
Other investment: liabilities 12276.3 22134.8 20827.7 33895.7 -2318.0 69.7 -111.1
Trade credits 9820.9 12483.6 8804.7 19554.6 3424.5 -10.3 -61.1
Loans 2016.4 3391.5 -458.3 -2899.0 -1763.9 -122.7 284.9
General Government 2040.3 3455.9 -408.1 -2832.4 -1736.4 -120.0 325.5
Drawings 6216.2 11325.5 5013.2 7287.9 4200.9 -19.4 -16.2
Repayments -4175.9 -7869.6 -5421.3 -10120.3 -5937.3 29.8 9.5
Other sectors -23.9 -64.4 -50.2 -66.6 -27.5 110.0 -45.2
Currency and deposits 439.0 6259.7 12481.3 17240.1 -3978.6 2743.1 -131.9
Nepal Rastra Bank -9.1 -5.6 -3.6 -84.1 -86.8 -60.4 2311.1
Deposit money banks 448.1 6265.3 12484.9 17324.2 -3891.8 2686.2 -131.2
Other liabilities 0.0 0.0 0.0 0.0 0.0 - -
Total, Group A through C 11532.7 42624.7 52058.9 65718.1 -31832.5 351.4 -161.1
D. Miscellaneous Items, Net 2539.3 -6690.3 -4767.4 -7198.3 4319.2 -287.7 -190.6
Total, Group A through D 14072.0 35934.4 47291.5 58519.8 -27513.3 236.1 -158.2
E. Reserves and Related Items -14072.0 -35934.4 -47291.5 -58519.8 27513.3 236.1 -158.2
Reserve assets -15139.7 -37002.0 -47291.5 -58519.8 27513.3 212.4 -158.2
Nepal Rastra Bank -13024.4 -29636.8 -38001.3 -45751.3 22058.5 191.8 -158.0
Deposit money banks -2115.3 -7365.2 -9290.2 -12768.5 5454.8 339.2 -158.7
Use of Fund Credit and Loans 1067.7 1067.6 0.0 0.0 0.0 -100.0 -
Changes in reserve net ( - increase ) -13633.0 -29674.7 -34810.2 -41279.7 23534.7 155.3 -167.6
P=Provisional
Table 18
Gross Foreign Exchange Holding of the Banking Sector
Rs in Million
Percent Change
Mid-Jul Mid-March Mid-Jul Mid-March Mid-Jul To Mid-March
2008 2009 2009 2010E 2008/09 2009/10

Nepal Rastra Bank 169683.6 218460.0 224190.3 185914.2 28.7 -17.1


Convertible 142848.8 194011.0 201756.0 154353.3 35.8 -23.5
Inconvertible 26834.8 24449.0 22434.3 31560.9 -8.9 40.7

Commercial Bank 42939.9 52341.2 55795.3 50424.8 21.9 -9.6


Convertible 38827.1 48803.0 52200.4 45363.5 25.7 -13.1
Inconvertible 4112.8 3538.2 3594.9 5061.3 -14.0 40.8

Total Reserve 212623.5 270801.2 279985.6 236339.0 27.4 -15.6

Convertible 181675.9 242814.0 253956.4 199716.8 33.7 -21.4


Share in total (in percent) 85.4 89.7 90.7 84.5
Inconvertible 30947.6 27987.2 26029.2 36622.2 -9.6 40.7
Share in total (in percent) 14.6 10.3 9.3 15.5
Import Capacity(Equivalent Months)
Merchandise 11.5 12.3 12.0 7.6
Merchandise and Services 9.3 9.9 9.8 6.6
1.Gross Foreign Exchange Reserve 212623.5 270801.2 279985.6 236339.0 27.4 -15.6
2.Gold,SDR,IMF Gold Tranche 630.6 659.8 555.3 6335.5 4.6 1040.9
3.Gross Foreign Assets(1+2) 213254.1 271461.0 280540.9 242674.5 27.3 -13.5
4.Foreign Liabilities 41798.7 54724.1 59457.4 55005.6 30.9 -7.5
5.Net Foreign Assets(3-4) 171455.4 216736.9 221083.5 187668.9 26.4 -15.1
6.Change in NFA (before adj. ex. val.)* -39545.9 -45281.5 -49628.1 33414.6 - -
7.Exchange Valuation 9871.4 10471.2 8348.4 -9880.1 - -
8.Change in NFA (6+7)** -29674.5 -34810.3 -41279.7 23534.7 - -
Sources: Nepal Rastra Bank and Commercial Banks; E estimated.
* Change in NFA is derived by taking mid-July as base and minus (-) sign indicates increase.
* * After adjusting exchange valuation gain/loss
Period-end Buying Rate (Rs./USD) 68.50 82.55 78.05 72.40
Table 19
Exchange Rate of US Dollar (NRs/US$)
Month End* Monthly Average*
FY Mid-Month Average Average
Buying Selling Middle Buying Selling Middle
Rate Rate

2007/08 August 65.87 66.46 66.17 64.90 65.49 65.20


September 65.00 65.59 65.30 65.59 66.18 65.89
October 63.20 63.80 63.50 63.72 64.31 64.02
November 63.05 63.65 63.35 63.24 63.84 63.54
December 63.25 63.85 63.55 63.35 63.95 63.65
January 62.90 63.50 63.20 63.18 63.78 63.48
February 63.35 63.95 63.65 63.12 63.72 63.42
March 64.49 65.09 64.79 63.93 64.53 64.23
April 63.85 64.45 64.15 64.21 64.81 64.51
May 67.00 67.60 67.30 64.59 65.19 64.89
June 68.45 69.05 68.75 68.21 68.81 68.51
July 68.50 69.10 68.80 68.58 69.18 68.88
Annual Average 64.91 65.51 65.21 64.72 65.32 65.02

2008/09 August 68.55 69.15 68.85 67.78 68.38 68.08


September 73.25 73.85 73.55 70.54 71.14 70.84
October 77.40 78.00 77.70 74.75 75.35 75.05
November 78.70 79.30 79.00 78.14 78.67 78.40
December 77.30 77.90 77.60 79.08 79.68 79.38
January 77.75 78.35 78.05 77.00 77.60 77.30
February 77.70 78.30 78.00 78.05 78.65 78.35
March 82.55 83.15 82.85 80.46 81.06 80.76
April 79.65 80.25 79.95 80.77 81.37 81.07
May 79.15 79.75 79.45 79.39 79.99 79.69
June 75.60 76.20 75.90 75.99 76.62 76.31
July 78.05 78.65 78.35 77.02 77.62 77.32
Annual Average 77.14 77.74 77.44 76.58 77.18 76.88

2009/10 August 77.00 77.60 77.30 76.84 77.44 77.14


September 77.50 78.10 77.80 77.64 78.24 77.94
October 73.66 74.26 73.96 75.62 76.22 75.92
November 74.00 74.60 74.30 74.41 75.01 74.71
December 74.44 75.04 74.74 74.07 74.67 74.37
January 72.6 73.2 72.9 73.94 74.54 74.24
February 73.99 74.59 74.29 73.55 74.15 73.85
March 72.4 73 72.7 73.36 73.96 73.66

Table 20
Price of Oil and Gold in the International Market

Percent Change
Mid-July Mid-March
Jul-Jul Mar-Mar
2007 2008 2009 2008 2009 2010 2008 2009 2009 2010
Oil ($/barrel)* 79.73 143.25 61.53 110.75 45.18 79.43 79.7 -57.0 -59.2 75.8
Gold ($/ounce)** 666.00 986.00 938.00 995.00 928.00 1106.25 48.0 -4.9 -6.7 19.2
*Crude Oil Brent
** Refers to past London historical fix.
Sources: http://www.eia.doe.gov/emeu/international/crude1.xls and http://www.kitco.com/gold.londonfix.html